Couple days ago I made an analysis on Ethereum and the potential break out at hand. I mentioned that a break out was to be expected and that the next major resistance lies at 2400.
The break out happened quickly and violently. The amount of bullishness came mostly from a short squeeze, check out my BTC analysis where I dig deeper into that.
Since we've seen a ~40% rally in a day or 6, I'm expecting a minor retracement in the coming 2-3 days or so. I'm eyeing the yellow support area from 2200-2100 to catch the reversal trade.
Happy trading!
The break out happened quickly and violently. The amount of bullishness came mostly from a short squeeze, check out my BTC analysis where I dig deeper into that.
Since we've seen a ~40% rally in a day or 6, I'm expecting a minor retracement in the coming 2-3 days or so. I'm eyeing the yellow support area from 2200-2100 to catch the reversal trade.
Happy trading!
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