Currently bullish on ETH, lots of support at current levels look at the thickness of ichimoku cloud :)
1hr chart ETH show bearish signs, we look to uptrend line/290 support for possible areas of reversal
We look to lagging span (green line) on Ichimoku to show ETH is currently in a range between 315 and 290. We wait for confirmation of break in either direction.
Uptrend line has to hold for idea to work.
Trade can be taken above 315 with long target at 350 stoploss can be set at 299.5
Trade can be taken in reversal zone (yellow) if uptrend line holds
Best of luck!
1hr chart ETH show bearish signs, we look to uptrend line/290 support for possible areas of reversal
We look to lagging span (green line) on Ichimoku to show ETH is currently in a range between 315 and 290. We wait for confirmation of break in either direction.
Uptrend line has to hold for idea to work.
Trade can be taken above 315 with long target at 350 stoploss can be set at 299.5
Trade can be taken in reversal zone (yellow) if uptrend line holds
Best of luck!