ETH recently broke to the downside out of its wedge trend, back into the previous channel supported by the low point from last week. Current candle wick has tested and rejected the top of the channel, but the overall trend is bullish.
I believe ETH may have been slightly overbought in the previous pattern, while this channel is heavily supported providing solid growth towards the 660-675 zone (extremely important).
Keep an eye on ETH this week!!! If we break out above 675-680 we could see massive upward pressure.
Do you agree?
Good luck!
- Chigz
I believe ETH may have been slightly overbought in the previous pattern, while this channel is heavily supported providing solid growth towards the 660-675 zone (extremely important).
Keep an eye on ETH this week!!! If we break out above 675-680 we could see massive upward pressure.
Do you agree?
Good luck!
- Chigz