ETH has pulled back from basically no man's land. There is one resistance point dating back to October, but I really doubt that had much of anything to do with it.
We can see that ETH has now formed this channel. As long we stay in this channel, we should keep moving to the upside. What could happen at these levels we are at now is we hold these levels and move up from here. Which would be extremely bullish. The weekly chart looks really good for a continued move up. No doubt we will hit more resistance at this 200 level and top of channel that has been identified. out of all our laddered positions, eth is in the worst position, we are still not profitable on this one like we are the others. You can try to time in with these levels and channels I have identified, but otherwise, hold.
Happy Trading and hodling,
-Sherem
We can see that ETH has now formed this channel. As long we stay in this channel, we should keep moving to the upside. What could happen at these levels we are at now is we hold these levels and move up from here. Which would be extremely bullish. The weekly chart looks really good for a continued move up. No doubt we will hit more resistance at this 200 level and top of channel that has been identified. out of all our laddered positions, eth is in the worst position, we are still not profitable on this one like we are the others. You can try to time in with these levels and channels I have identified, but otherwise, hold.
Happy Trading and hodling,
-Sherem
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We aren't moving a lot right now, but I do find this doldrum formation interesting -
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Well that last post update went nicely. Moving up.
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That news is really putting pressure on things. This area ETH has dropped to should hold. It's concerning if we blow through it.
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