ETH closing in on key resistance, much more bullish in the BTC correlation than any other major names.
We will likely break first on ETH, and this can be a signal, but we must ensure confirmation with a BTC bull break not long after.
ETH currently the best setup for the bulls which will have me looking this way on the daily EQ break.
Potential to form a lower high today, which would continue to see the range tighten up into tomorrow.
Currently a no trade zone for me, patiently waiting for the break.
Break this EQ bearish and our weekly lower high is likely in. Break Bullish and we look to continue to mid- upper $700s.
Bulls still keep full control and it is up to the bears to prove otherwise with volume and a loss of supports.
We will likely break first on ETH, and this can be a signal, but we must ensure confirmation with a BTC bull break not long after.
ETH currently the best setup for the bulls which will have me looking this way on the daily EQ break.
Potential to form a lower high today, which would continue to see the range tighten up into tomorrow.
Currently a no trade zone for me, patiently waiting for the break.
Break this EQ bearish and our weekly lower high is likely in. Break Bullish and we look to continue to mid- upper $700s.
Bulls still keep full control and it is up to the bears to prove otherwise with volume and a loss of supports.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.