This is a reverse ETHUSD chart.
ETH USD is playing a simple bounce off from an old weekly S/R flip level. This is supported with the idea of Higher Highs and Higher Lows (yellow boxes).
Nothing more, nothing less.
The first major resistance on the weekly which I see is around $112.
The only reason I'd long it would be after a long wick above the 153ish level followed by going back to 160ish (for the reverse).
ETH USD is playing a simple bounce off from an old weekly S/R flip level. This is supported with the idea of Higher Highs and Higher Lows (yellow boxes).
Nothing more, nothing less.
The first major resistance on the weekly which I see is around $112.
The only reason I'd long it would be after a long wick above the 153ish level followed by going back to 160ish (for the reverse).