ETH creating support at $1430 level

ETH has created support around the 1430 dollar area which was to be expected as we saw decent resistance here. So an S/R flip means that ETH is at least following TA. We think that ETH can see a rejection at the 1630 dollar area which is the bottom of this parallel channel. If this does happen we will look at laddering some trades around the 1430 dollar area. This also depends on how strong ETH comes back to test this level if it is coming down to fast we will look at entering at a different time.