ETH- Pullback or march toward the NEXT MAJOR RESISTANCE LVL
Hello everyone!
BTC dominace lvl has gone down a little and, we start to see more trading volume flow into retail's favorite crypro exchange coinbase as its trading volume increased 50% recently.
Retail money is what makes the uptrend move sustainable!
VPVR looks bullish as the price pierced through VA and both long term and short-term POC with long term trend line acting a strong support below.
However, ETH is currently facing long term fib resistance (32.8) and previous support lvl .
Furthermore, many indicators indicate the overextended status ( bollinger & ichi) and oversold status hovering around 75-80 on both daily and weekly timeframe
In terms of magnitude, 8 straight weekly green candles is probably overheating.
Next major resistance lvl is around 360. Buy on the dip within the buyzone if the price pullbacks.
Please like and follow me if you find my analysis useful. Much appreciated!
BTC dominace lvl has gone down a little and, we start to see more trading volume flow into retail's favorite crypro exchange coinbase as its trading volume increased 50% recently.
Retail money is what makes the uptrend move sustainable!
VPVR looks bullish as the price pierced through VA and both long term and short-term POC with long term trend line acting a strong support below.
However, ETH is currently facing long term fib resistance (32.8) and previous support lvl .
Furthermore, many indicators indicate the overextended status ( bollinger & ichi) and oversold status hovering around 75-80 on both daily and weekly timeframe
In terms of magnitude, 8 straight weekly green candles is probably overheating.
Next major resistance lvl is around 360. Buy on the dip within the buyzone if the price pullbacks.
Please like and follow me if you find my analysis useful. Much appreciated!
Trade closed: target reached:
Target reached!. IF BTC can stay above 8.5k, then we may not see this lvl for a while