Perfect retest - looking for accumulation and support now
#ETH #UPDATE - This couldn't have gone much better from the update yesterday. Bears won, couldn't break trend - dumped down and took out pink arrows at the three lower levels with a great wick, bounced off the long term trendline from the highs, then quickly hopped back onto the $206 level and has now broken trend resistance.
Not out of the woods yet as 215 is likely to be resistant, and we have left a couple of missed retests now in the $207 area. I would like to see a retest there and some accumulation (but don't always get what I want!) and find support before trying for the $215 area. So if you're looking to buy see if you can get in a little lower.
Also obviously we are likely to align with BTC so I need to see if I think this is going to move up too. We got a big jump on ETHBTC yesterday as a result of ETH's strength over BTC so I need to chart that too and see if it is looking strong.
Not out of the woods yet as 215 is likely to be resistant, and we have left a couple of missed retests now in the $207 area. I would like to see a retest there and some accumulation (but don't always get what I want!) and find support before trying for the $215 area. So if you're looking to buy see if you can get in a little lower.
Also obviously we are likely to align with BTC so I need to see if I think this is going to move up too. We got a big jump on ETHBTC yesterday as a result of ETH's strength over BTC so I need to chart that too and see if it is looking strong.
Come say hi @elisa_crypto on twitter!
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