FieryTrading

🔥 Ethereum On Massive Resistance: Wait For Break Out

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KRAKEN:ETHUSD   イーサリアム/米ドル
ETH has been rangebound for around two weeks now. On six occasions, ETH came into the yellow area of resistance, but failed to break out of it.

Currently, we're a couple of percent under the resistance. I'm going to wait for a break out to confirm the bullish bias. Ideally, we get a big green candle to start the break out.

In case of a bullish break, targets in blue.

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