We are breaking out of the low time frame channel (red), which earlier I described to be a bearish retest of the mid term long channel (yellow) and was expecting to go lower with a bearish target of 180$. However ETH looks strong and possibly is breaking out inside the mid time frame channel. I remain in cash for now, but if it reclaims $218 I would be long and wont miss the ride up. Multiple Bullish signals.
Bullish Bias :
- Seeing good volume on Wabbar explosion with multiple buy signals
- Bullish divergences on mid and higher time frame
- The up trend in not euphoric but steady climb.
Bearish Bias
- Could be a fakeout, a drop below red channel invalidates the bullish outlook
Please like and share if you find value and stay safe homies. Previous posts on ETHUSD in link.
~ Cheers
Bullish Bias :
- Seeing good volume on Wabbar explosion with multiple buy signals
- Bullish divergences on mid and higher time frame
- The up trend in not euphoric but steady climb.
Bearish Bias
- Could be a fakeout, a drop below red channel invalidates the bullish outlook
Please like and share if you find value and stay safe homies. Previous posts on ETHUSD in link.
~ Cheers
