Continued upside on the way for ETH

٢٣ سبتمبر ٢٠٢١

3116 Monthly PP area is breaching, look for price to move to 3370ish area, as the double top in the intraday action is being tested at 3140 and triple tops rarely hold. Shorts are likely trapped at the 3040 Weekly S1 area that served as resistance before the recent dip, and now acted as support on the day with intraday retest of that area. When Resistance breaks it becomes supports. Pivots act as magnets for price, as they move from one line to another. The monthly pivot breaking to upside is signaling that the month is now in a bullish light as the PP is the bear/bull line for any given time period.