My Thoughts on ETHUSD
ETHUSD BREAKDOWN:
Daily- Currently in a downwards channel (looks like it could form a double bottom or even a inverted head and shoulders to indicate exhaustion and finally a reversal)
Weekly- Currently forming even lows on weekly. We have to wait and see how the weekly candle closes at that previous support level.
Monthly- We are in a clear uptrend, once again waiting to see how price reacts to previous low/ support.
OVERALL ETHUSD is bullish. We just been in a downwards channel and you can even say pullback after that HUGE momentum to the upside. Be patient guys!
I'm an investor in ETHUSD I don't really intraday trade it unless I see a great setup on the weekend or something
Daily- Currently in a downwards channel (looks like it could form a double bottom or even a inverted head and shoulders to indicate exhaustion and finally a reversal)
Weekly- Currently forming even lows on weekly. We have to wait and see how the weekly candle closes at that previous support level.
Monthly- We are in a clear uptrend, once again waiting to see how price reacts to previous low/ support.
OVERALL ETHUSD is bullish. We just been in a downwards channel and you can even say pullback after that HUGE momentum to the upside. Be patient guys!
I'm an investor in ETHUSD I don't really intraday trade it unless I see a great setup on the weekend or something
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