ETH is currently in a very similar slightly downward tightening range, which will see a breakout coming. Since the downward channel is very flat, it makes sense to look at horizontal levels:
Resistance to the upside is $230.
Support to the downside is $200 psychological.
ETH/BTC is inside a clear Equilibrium now, and as long as we move sideways inside, there will be no difference if you play BTC or ETH in USD:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Resistance to the upside is $230.
Support to the downside is $200 psychological.
ETH/BTC is inside a clear Equilibrium now, and as long as we move sideways inside, there will be no difference if you play BTC or ETH in USD:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
