Ethereum! Anticipating a retracement from Weekly Zone 3,519$ and monthly zone 3,346$. Wow! What an ascent that we have observed in recent weeks. A bull market typically has healthy retracements from profit taking and to clear late buyside liquidity. Gathering liquidity is necessary to continue the upside campaign and so we may retrace and consolidate for some time...
After the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
Hi Everyone, As many of you would be aware I'm pretty bullish on Ethereum and Bitcoin for the later half of 2021 but with the recent week of incredible gains comes the inevitable profit taking selloff. Lets take a look at this $1,440 level for instance. This level was previously triple resistance and should now act as support when intersecting with the 20 moving...