The resistance block tested twice in the channel 1923 – 2017 has become a strong support now. If such is the case, there is a freeway for ETH to move ahead unless a sudden price swing penetrates the channel. What I strongly believe is: had the resistance become impenetrable and the momentum weakened, ETH would have been correcting by now around the lower 1800 as many traders have structured their ideas.
What are your thoughts?
Published at Sun, 11 Apr 2021 18:16:22 +0000