As per our previous analysis on 11th, Jun, 2020:
""ETHUSD keep the same bullish trend , but moderate. Maybe a backtest of the key pressure line (Red parallel lines, now maybe become support line, but need to be tested.) If it can provide strong support, breakup the high side might be seen soon."
It back tested the support (originally it was a key resistance), it provided a good support, and breakup the 245 to 250 key resistance zone.
Now
We profit taking and wait another good chance to have our Long Position.
""ETHUSD keep the same bullish trend , but moderate. Maybe a backtest of the key pressure line (Red parallel lines, now maybe become support line, but need to be tested.) If it can provide strong support, breakup the high side might be seen soon."
It back tested the support (originally it was a key resistance), it provided a good support, and breakup the 245 to 250 key resistance zone.
Now
We profit taking and wait another good chance to have our Long Position.
