The 3day chart for ethusd can help us to see the bigger picture.
Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested.
If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red trendline.
Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested.
If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red trendline.
Comment:
looking good. volume is declining during the consolidation. support holding.
Comment:
Support was tested again and holding.
It's about time for the next leg.
It's about time for the next leg.
Comment:
three possible targets
- 211$ apex of old sym triangle
- 289$ halfway breakout and old apex of smaller triangle
- 360$ old major support
- 211$ apex of old sym triangle
- 289$ halfway breakout and old apex of smaller triangle
- 360$ old major support
Comment:
hit target 1
Trade closed: target reached:
booked profits on leveraged positions, keeping spot
