ETH ANALYSIS:
ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off this level back up towards the layers of resistance at T1 of 141 and T2 of 166. Daily resistance block will be holding a large number of sellers as the markets enters back into a bear territory.
Possible Entries: 100-110
ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off this level back up towards the layers of resistance at T1 of 141 and T2 of 166. Daily resistance block will be holding a large number of sellers as the markets enters back into a bear territory.
Possible Entries: 100-110