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SNOW_CITY
13 wrz 2018 01:38

ETHUSD, expecting range play (consolidation) levels on 1H 

Ethereum / DollarBitfinex

Opis

After catching the (very) bottom placing bids near the RealTime Subtractive (orange flat line), the 1H cloud is now acting as resistance for ETH.


I expect this range to play out similar to the last break-down from the 1Hour cloud. I believe ETH will wick through 1H cloud body, finding support on RealTime, and then consolidation upwards with peaks towards 212 or perhaps slightly above.
The Hourly is proving to be a very valid timeframe to watch for ETH, so break-ups and tests on support should be played on this timeframe to improve the odds of being on the winning side of a trade during the range play over next weeks.

Komentarz

ETH looks like it want to continue the run. Currently flat, but I believe this is worth re-longing.

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