ETH: Week long channel

ETH seems to be oscillating within a parallel channel as of late. This is an opportunity for swing traders to make a quick buck. But be careful and watch for channel breakouts.

Nota

Support potentially found at channel center line. Watch to see if we bounce back off of it. If we do we may be building toward a bullish breakout.

Nota

Fell through the middle of the channel (that's the risk of calling things early ;).
But we got a nice bounce off the bottom. BTC' looks to be recovering, and I'd expect ETH' to go along with it. Not a bad time to open a swing trade with profit targets of 847-857

justsomeguy

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