Ethereum looking good for a retest/buy opportunity. There is 2 potential levels where price could bounce and be a good buy for a bounce to the upside. Looking at structure, there appears to be 2 levels which have been important historically, which I am eyeing for a buy.
Both levels are side-wards support levels. One is side-wards support of the up move as of late, where a bounce could come. Alternatively, if price breaks down lower to the secondary support level, the ideal buy opportunity is 199.80 where the buy is present.
Out of the two buy areas, the second scenario is most likely. If price bounced at the first support level and went to the upside, this is a very bullish sign for the pair overall and I'd expect some nice upside from here.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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Both levels are side-wards support levels. One is side-wards support of the up move as of late, where a bounce could come. Alternatively, if price breaks down lower to the secondary support level, the ideal buy opportunity is 199.80 where the buy is present.
Out of the two buy areas, the second scenario is most likely. If price bounced at the first support level and went to the upside, this is a very bullish sign for the pair overall and I'd expect some nice upside from here.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
Support my analysis be leaving a LIKE and FOLLOW. It helps the channel grow and motivates me to post daily free content. :-)
Looks like price will run into continuation here up to the desired target zone.
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