ETHUSD Update and Key Levels Ahead
Won't quit - grinding higher off a new little dynamic still
forming - so far so good still.
First support for day traders at 589.
Then Near term support building at 564 with more important
medium term support at 543.
On the upside we can see clear congestion at 610 up to 615 -
an eventual break and hold above here would be very bullish
for the more medium term, tempting more buyers long to
643 in the nearterm and then in stages to 685 and higher still
in medium term.
The 609/615 range therefore looks quite likely to be the key
area to watch and trade off over the coming days here.
Won't quit - grinding higher off a new little dynamic still
forming - so far so good still.
First support for day traders at 589.
Then Near term support building at 564 with more important
medium term support at 543.
On the upside we can see clear congestion at 610 up to 615 -
an eventual break and hold above here would be very bullish
for the more medium term, tempting more buyers long to
643 in the nearterm and then in stages to 685 and higher still
in medium term.
The 609/615 range therefore looks quite likely to be the key
area to watch and trade off over the coming days here.