So Far ETH has traded inside a bullish trend breaking into the upper resistance zone of 2000-2200 and setting sights on previous resistance levels.
What am I looking for? First, I am looking for confirmation that we are outside of the 200-2200 resistance zone with a full daily candle outside of 2200. Upon confirmation, I am looking at price targets: 2300, 2600, and 2800-3000.
I am looking at 2300 to suggest a test of 2.8-3k resistance and I am looking at 2.6k as another potential resistance area.
In terms of strategy: The market is very much in the buyers favor with 2100 being the previous low in the bull trend and price targets as high as 2.8k giving favorable risk/reward.
Best of luck, Like/Follow for more.
What am I looking for? First, I am looking for confirmation that we are outside of the 200-2200 resistance zone with a full daily candle outside of 2200. Upon confirmation, I am looking at price targets: 2300, 2600, and 2800-3000.
I am looking at 2300 to suggest a test of 2.8-3k resistance and I am looking at 2.6k as another potential resistance area.
In terms of strategy: The market is very much in the buyers favor with 2100 being the previous low in the bull trend and price targets as high as 2.8k giving favorable risk/reward.
Best of luck, Like/Follow for more.