Previously on my last ETH analysis the trade setup went as followed. Breakout of pennant and test horizontal resistance.
ETH breaks horizontal support but makes a trend up towards now horizontal resistance.
MACD is looking to make a bullish cross. Which gives it higher chances to cross $638 (new resistance).
Closure above this resistance level will give us a higher chance to trend up back towards $677 resistance.
From this resistance area ETH can choose its path to cross or get rejected again.
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ETH breaks horizontal support but makes a trend up towards now horizontal resistance.
MACD is looking to make a bullish cross. Which gives it higher chances to cross $638 (new resistance).
Closure above this resistance level will give us a higher chance to trend up back towards $677 resistance.
From this resistance area ETH can choose its path to cross or get rejected again.
âĪïļâĪïļ Thanks for viewing ! âĪïļâĪïļ
âïļLike and share if you support this idea ! âïļ