ETH - break-out through prior resistance - next target at 200
Hello Bulls and Bears,
Today we broke through our prior established resistance at 194 which should now serves as support. We will need significant volume to break through the resistance at 200. I assume we will accumulate for a few 4 - hour candles in this channel and eventually break the upside. After that the next target would be the lower line of the channel we recently fell from (at around 210).
The ETH/BTC looks as it has established a local bottom and is ready turn in favour to Ethereum. See below the analysis for the ETH/BTC pair:
Happy trading to everyone!
Today we broke through our prior established resistance at 194 which should now serves as support. We will need significant volume to break through the resistance at 200. I assume we will accumulate for a few 4 - hour candles in this channel and eventually break the upside. After that the next target would be the lower line of the channel we recently fell from (at around 210).
The ETH/BTC looks as it has established a local bottom and is ready turn in favour to Ethereum. See below the analysis for the ETH/BTC pair:
Happy trading to everyone!
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