TDSniper

Ethereum - ETHUSD // Longterm Outlook

Long
BITFINEX:ETHUSD   Ethereum
Current Outlook

Bullish

I am Bullish as of now within the Crypto Markets. As we can see via our charts we are at resistance for the 3rd time. We have a Daily Demand within the bottom of our Trend Line @ $136 for buys.

Confluence -

- Third attempt @ Resistance.
- Supply Block @ $199 likely to be touched soon.
- We want to see $199 reject & allow our Daily S/R level to hold as SUPPORT from now on.
- This S/R flip will push us above this Supply Pivot and thus form it into Demand.
- Demand Pivot shift will signal a shift in market structure to the bullish side. We can project targets of $400-$460 if this scenario occurs.


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