ETHEREUM: HOLDING THE SUPPORT.
Hello folks, here's a quick update on ETH.
Timeframe: 2 hours.
Update: ETH is at the edge of a bounce back or a drop-down. Things are pretty clear and I don't need to explain much. If ETH breaks and closes below $1500 then $1366 would be the next support level. and if it bounces back then ETH will face the 21 MA resistance and then the upper trendline.
Conclusion: Be ready for both long and short opportunities.
I'll update more on this, until then trade safely.
Timeframe: 2 hours.
Update: ETH is at the edge of a bounce back or a drop-down. Things are pretty clear and I don't need to explain much. If ETH breaks and closes below $1500 then $1366 would be the next support level. and if it bounces back then ETH will face the 21 MA resistance and then the upper trendline.
Conclusion: Be ready for both long and short opportunities.
I'll update more on this, until then trade safely.
ETH update:
Right on top! ETH did bounce back from the support line. Now, all we need is ETH to reach the $1680 resistance level.
I hope my update was helpful and you guys made some profit on ETH.