eth is currently holding above the quarter channel with resistance above between 3500-ATH
there is a potential moonshot to 7k and beyond (13k?), if the markets are indeed in the infant stage of a bull run.
for now eth is heading towards the golden pocket of the move down with support from ath avwap
as htf bullish market structure never broke this could mean that the highs are ran, rsi has bounced the mid point and could be cruising towards the cook zone again, its here i will watch to see a divergence form when the 3M OB and yearly level is approached.
upside 3500, 4500/ATH, 7000, 130000
downside 1900, 1200, 800
its quite possible that we put in a long term range drifting between 5k and 1k before we see expansion upwards
nfa, just food for thought on the htf but most of the volume is supporting price.
there is a potential moonshot to 7k and beyond (13k?), if the markets are indeed in the infant stage of a bull run.
for now eth is heading towards the golden pocket of the move down with support from ath avwap
as htf bullish market structure never broke this could mean that the highs are ran, rsi has bounced the mid point and could be cruising towards the cook zone again, its here i will watch to see a divergence form when the 3M OB and yearly level is approached.
upside 3500, 4500/ATH, 7000, 130000
downside 1900, 1200, 800
its quite possible that we put in a long term range drifting between 5k and 1k before we see expansion upwards
nfa, just food for thought on the htf but most of the volume is supporting price.
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