Currently on my chart you can see horizontal support/resistance lines as well as trends lines all based off of the 4h Binance ETH timeframe. I also have my Trend Fusion indicator overlaid as well.
The huge breakout on ETH occurred whenever it retested its trendline support on Sep 29th and also formed a double bottom. This is when we knew we were started a bullish trend.
Based off of the current price action, I'm looking for ETH to retest support at $3,343. This is strong historical support because it also coincides with the trendline support I drew in pink. If it breaks that support then I'm looking to retest micro support at $3,130 then strong support at $2,965. For a bullish case, I'm looking for ETH's next target of $3,570 before encountering any resistance.
If you have any questions about the lines I drew or my indicator, please comment below or DM me :)
The huge breakout on ETH occurred whenever it retested its trendline support on Sep 29th and also formed a double bottom. This is when we knew we were started a bullish trend.
Based off of the current price action, I'm looking for ETH to retest support at $3,343. This is strong historical support because it also coincides with the trendline support I drew in pink. If it breaks that support then I'm looking to retest micro support at $3,130 then strong support at $2,965. For a bullish case, I'm looking for ETH's next target of $3,570 before encountering any resistance.
If you have any questions about the lines I drew or my indicator, please comment below or DM me :)
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