After our recent short trade in ETH which worked really well, Ethereum has now found a new balance area with Point of Control around 755 levels. I still have a bullish bias ahead of Consensus next week, and would to get long either at the breakout of the H&S neckline (where we shorted for our last trade) which is 775, with a stop of 755, or preferably would like to see it retest the very strong balance area with Point of Control at 680, which would provide a lower risk long. Will update this idea when either level hits.
Comment:
Market continuing to rotate in a small balance area, with 775 still difficult to break and downside support at 715-720 holding. Still waiting for either 680 or 775 to get long.
