ETH Sitting on 3 EMAs of Support!
Looking at the 1h for ETH, we can see it's finally broken the 50, 100, and 200 EMA on the 1h chart (something it's been under since Dec 15th). This is a very bullish sign and shows we could have some strength to the upside (short term).
The current levels of resistance are 1230 and 1300. With ETH being so close between support and resistance (1210 EMAs and 1230), whichever way it breaks will be violent so please be careful if trading with leverage.
Looking at our major areas of support, we have 1200, 1150, and 1100. I'll be DCAing at these levels if we get there.
If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
The current levels of resistance are 1230 and 1300. With ETH being so close between support and resistance (1210 EMAs and 1230), whichever way it breaks will be violent so please be careful if trading with leverage.
Looking at our major areas of support, we have 1200, 1150, and 1100. I'll be DCAing at these levels if we get there.
If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
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