168 is the key!
ETH Quick Update
🔹What can we expect at ETH?
As for the BTC, the trend follower remains positive over a daily and 4-hour horizon, while over a shorter horizon, in 1 hour, the trend follower has turned negative. Nevertheless, we can see a hidden bullish divergence between prices and the BTC.
From a technical point of view, the daily and 4h situation is negative while a bullish signal has already been given on a 1h horizon.
🔹What to do?
In the longer term, a retest of the supports in order to materialize a higher low is a necessity. There are currently 3 possibilities:
1) The ETH ignores the daily technical situation and pumps back towards $180.
2) ETH tests the 168$ without success and returns to 146$.
3) Failed below $168 and rebounds to $156.
Possibility to go to the buy side to aim for $168. Regarding a short position, we will wait for the reaction at the $168 level before re-evaluating the situation.
🔹What can we expect at ETH?
As for the BTC, the trend follower remains positive over a daily and 4-hour horizon, while over a shorter horizon, in 1 hour, the trend follower has turned negative. Nevertheless, we can see a hidden bullish divergence between prices and the BTC.
From a technical point of view, the daily and 4h situation is negative while a bullish signal has already been given on a 1h horizon.
🔹What to do?
In the longer term, a retest of the supports in order to materialize a higher low is a necessity. There are currently 3 possibilities:
1) The ETH ignores the daily technical situation and pumps back towards $180.
2) ETH tests the 168$ without success and returns to 146$.
3) Failed below $168 and rebounds to $156.
Possibility to go to the buy side to aim for $168. Regarding a short position, we will wait for the reaction at the $168 level before re-evaluating the situation.
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