ETH weekly needs to give us a new support

30 apr 2018

The further we get extended, the worse the drop could be - bulls would like a new healthy support created on the weekly timeframe sooner rather than later. Best case scenario would be sideways with a downward lean for the next week or two to create a weekly bull flag and a solid base for continuation. Bulls could pull back 150 dollars and still be a very healthy higher low. Weekly timeframe needs to shift the trend, and so far this is still just a lower high coming straight off the bottom.