These are the support and resistance lines I am watching. The second support hits 0.618 on the Fibonacci, and the third support hits 0.5. BTC loves the 0.618 level, so I am watching to see if it hits it. If so, I am taking a position there.
The length of the breakout is on its way to equaling the legnth of the bull flag's pole.
XMR at 1 on the Fib, which can act as resistance.
RSI is overheated
MACD is bullish
I am going to buy the dips as close to 0.5 as possible.
I am not a financial advisor, and this is not financial advice. Please do your own research.
ETHUSD has managed to create a bullish flag formation. Resistance of the bullish flag is around $270, with support around $230. I am waiting for a break and retest of $280 for a confirmation.
- Target: $320, which is the supply area.
- Stop Loss: $210, which is the demand zone.