kyer

$ETH Bounce Off $334 Support

Long
kyer Updated   
KRAKEN:ETHUSD   Ethereum
Ethereum has held $334 support (best buy-in level) 4 times now since the September 1st drop.

Perfect bounce off of the $334 level to hit $353 & $369 TP's, This $369 level no longer acts as a resistance, it is a newly found support level. $369 is a very strong level and the close above it has turned the tables for a nice long.

The fact that Ethereum is holding above $369 without getting as much as a body of the candle close below it tells me that it's looking bullish.

🎯 TP1 @ $385
🎯 TP2 @ $400
🎯 TP3 @ $416

The chances of a pullback to sub-$300 levels are very low now and continue lowering.

This is clearly trending up now, don't bet against the trend.
Trade active:
TP1 🎯 hit

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