Daily Eth analysis: Strong move into resistance, is it enough???
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As we concluded in the last couple of posts, it's important for Eth to cross above ~2200 resistance area.
Chart and levels are pretty clear, Etherum showed a lot of strength going into resistance yesterday, but momentum has slowed down a bit since today morning, we shall see how daily closes today.
Of course, it is not advisable to long into the resistance area, if we get any drop towards the 2040 area, then that's an area we can long with some stop of 1950 area or a bit lower.
Happy Trading!
PS: This is not financial advice, DYOR. please position your trading size
As we concluded in the last couple of posts, it's important for Eth to cross above ~2200 resistance area.
Chart and levels are pretty clear, Etherum showed a lot of strength going into resistance yesterday, but momentum has slowed down a bit since today morning, we shall see how daily closes today.
Of course, it is not advisable to long into the resistance area, if we get any drop towards the 2040 area, then that's an area we can long with some stop of 1950 area or a bit lower.
Happy Trading!
PS: This is not financial advice, DYOR. please position your trading size
