ETH broke resistance - What to watch for

٤ مايو ٢٠٢٢

On the 4H we have broken above our resistance trend line (Red trend line) and are currently holding new support upon it (Green arrows). Wait for a daily close above to confirm. Also it is very important to wait for the FEDs announcement before hopping into a position. Other than that things are looking good for a pretty big rally to the upside, before potentially continuing the bear market.