Get started
vilnix

ETH/USD: Follow the Yellow Brick Road

Long
Ethereum (BITFINEX:ETHUSD)  
vilnix Updated   
BITFINEX:ETHUSD   Ethereum
Support and Resistance Trend Lines Parallel Channel
3
0
supportandresistance trendline parallelchannel
Following the yellow channel, we are bouncing of the support of $303. We could range here for a few hours before moving on up to $330
Comment:
Although the yellow channel was broken at $300, I am not ready to give up on it yet. Another break and I will review the channel. Otherwise, we are still good for $330.

On the short term, $316 marks a safe exit for anyone who entered/added at $300 as we know this to be a recently popular price zone.
Comment:
Incorrectly drew trend. Update below:

ETH/USD: Follow the Yellow Brick Road - Corrected
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.