ETH is retesting support of the previously broken resistance line, as well as support at the 200 EMA. Selling momentum is exhausted and ETH is entering what I consider my Buy Zone. Bullish divergence on the 4hr chart leads me to think we will get a soft bounce, but we'll quickly see resistance from the 100 EMA and the support-turned-resistance line. I'm interested in averaging in here, but not quite ready to go in with a heavy position.
Let's have an amazing 2022!
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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Let's have an amazing 2022!
-------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!