ETH HAS BEEN LOOKING PRETTY STRONG IN COMPARISON TO BTC LATELY. RSI ON THE DAILY HAS HELD ABOVE THE MIDLINE VERY NICELY. WE'VE ALSO HAD A COUPLE DAILY CLOSES ABOVE OUR KEY AREA OF H4 SUPPLY, LOST IT ONCE BUT HAS SINCE REBOUNDED BACK ABOVE IT SLIGHTLY WITH A CLOSE ABOVE EARLIER TODAY. STILL AWAITING TO SEE THE REACTION TO ITS PREVIOUS ATH AND WILL BE LOOKING TO ADD WHAT I TOOK OFF ONCE WE GET A CLEANER RETEST OF THE H4 SUPPLY AND BEGIN TO BUILD MORE OF A RELIABLE FORM OF SUPPORT IN THAT RANGE. I HAVE DRAWN OUT BOTH MY BULLISH AND BEARISH SCENARIO PREDICTIONS ON THE CHART.
TARGETING $1895
TARGETING $1895
Comment:
NOTE: IF BTC DECIDES TO TAKE A SHIT, ETH MAY FOLLOW AND GIVE OUR BEARISH SCENARIO A CHANCE TO PLAY OUT.