Time to take some profits on ETH

28 thg 4, 2021

Really simple analysis but ETH has found a twice proven upwards resistance channel and has looked to not break this resistance for a third time in a row. The MACD is also showing potential for reversal and is looking quite maxed out at this point. I'm going to keep my eye on it but if the 1 or 4 hour chart gives a bearish engulfing signal I will be looking to sell and take some nice profits before buying back up after the pullback