TradingView
dleekam
Jun 24, 2021 8:46 PM

ETH breakout on the 1H?? Long

Ethereum / DollarBitfinex

Description

Ascending triangle forming on the 1 hour chart, with 50 and 100 EMA below current price level.
Plenty of juice in the tank on the MACD and RSI.

As the expiry approaches (tonight at 1 AM), the largest volume of options is set to settle. Most puts are at $2,100, most calls $2,200.
Watch for bulls to make an attempt at these price levels beofre day's end.

Not financial advice.

Comment

Looks like ETH failed to break through its resistance level around $2,020 and it's now testing the $1,800 support.
Comments
Mudrex
MACD decreasing is a bear sign for me, will wait till it exits above the wedge to go long.
LaSombra1978
It has to be 2260, only then the contracts are bullish and valid. Good luck
More