ETH has been on a run lately. A while ago I made a longer-term analysis, which is playing our great. See below for my longer-term view.
As of earlier today, bad CPI news caused a sell-off in the crypto space. ETH, however, found support on the lower channel trend line and is reversing as we speak. For short-term traders, this might be a good time to start playing the bounce. Be aware that a break below the channel could signal further downward pressure.
Target is the top trend line of the channel.
Happy trading!
As of earlier today, bad CPI news caused a sell-off in the crypto space. ETH, however, found support on the lower channel trend line and is reversing as we speak. For short-term traders, this might be a good time to start playing the bounce. Be aware that a break below the channel could signal further downward pressure.
Target is the top trend line of the channel.
Happy trading!
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