๐ฅ Ethereum Falling: Two Bounce Opportunities
ETH has been on a major run for the better part of a month now. However, after touching the top resistance trend line, ETH is selling off.
Whilst the stock markets are still moving up, I'm still bullish on crypto. So in this analysis I want to discuss two potential bounce entries for ETH.
Since ETH has been outperforming many other cryptos recently, the assumption is that it will continue to do so for the coming weeks.
High risk support: an entry placed on this support line carries more risk since it assumes that ETH will not see a big correction.
Low-risk support: after a 130% move, it's to be expected that ETH will come down for a couple of days at some point in the future. The low-risk support would be the strongest support that carries a lower risk because it's further away.
Up to you as an investor to decide which and how you want to play the potential bounce.
Whilst the stock markets are still moving up, I'm still bullish on crypto. So in this analysis I want to discuss two potential bounce entries for ETH.
Since ETH has been outperforming many other cryptos recently, the assumption is that it will continue to do so for the coming weeks.
High risk support: an entry placed on this support line carries more risk since it assumes that ETH will not see a big correction.
Low-risk support: after a 130% move, it's to be expected that ETH will come down for a couple of days at some point in the future. The low-risk support would be the strongest support that carries a lower risk because it's further away.
Up to you as an investor to decide which and how you want to play the potential bounce.
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