rfelchuk

ETHUSD WEEKLY: MAJOR RESISTANCE BEFORE MOON

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Hello guyzz and gerlzz!

It's not been easy for ETH to approach current resistance zone marked red.

However given strong #BTC Ethereum is on its way up.

I bought ETH at 130-ish and gave it back at 171.

I re-opened my ETH spot position again and now from 181. Stop in place

Weekly bar closed respectful of resistance 189 which again provides a wider degree of uncertainty than if it managed to close above.

Always be careful at resistance especially when longing.

At time of writing ETH continues to push higher and Is actually trading above 189 which might be another consolidation before the up move.

If so I expect to visit 211 soon.

Good luck to you all!

Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!

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