? Ethereum Bullish Breakout While Other Cryptos Wait ?
Dear Traders,
Ethereum has broken above local resistance levels and is ready to rechallenge the previous top. An uptrend continuation seems likely if price retraces and bounces at the 38.2-61.8% Fibonacci zone.
Bitcoin, Bitcoin Cash and Ripple remain locked in a tight zone with support and resistance nearby. The lower volatility is creating a sideways correction which could continue to last for this week. A bullish breakout could also occur but it would face strong resistance from the previous broken support and bottoms.
Check out the video for the full analysis and trade plans on 29-30 January 2018:
- Technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potentrial trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
See the video below for all of the details
Good trading,
Chris Svorcik
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