TradingView
dubie
Jun 1, 2017 1:27 PM

ETH/USD Hits wall. Short uptrend broken. Still in channel. 

Ether / United States DollarCoinbase

Description

I've been watching ETH hit a massive wall all night. Not enough buyers at this price. I could be wrong but price action is stable but on the weak side. May need to retreat a bit and have another go after it gets some more balls? Up channel needs to hold or it will retreat and regroup for a time... grind... or just may trade sideways until the sellers give up.
Comments
krackajackfoo
agreed. It's been trading at the bottom of the uptrend channel the last few days, finally broke it today. Moving my trading to BTC which is looking hot again right now.
More