ETH has to make a decision here. ( Purple box has been serving as resistance over the last 12 days )
Bullish Scenario :
A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle.
Bearish Scenario:
1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area.
What ae you thoughts on ETH?
GL out there.
Bullish Scenario :
A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle.
Bearish Scenario:
1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area.
What ae you thoughts on ETH?
GL out there.
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