ETH found its support after a sharp drop this morning and now we are bouncing nicely with most alts in double digit gains!
I see a very nice ascending channel which should put us above ATH in a day or so, unless we get rejected again, which would be rather bearish, especially if we fall under this channel.
Indicators on 4h are also curving nicely, so momentum to go up is gathering strength. If this continues, tomorrow we will be in price discovery above ATH. :)
My bias remains bullish as long as we don't lose support. ETH is posed to have a great year in 2021!
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I see a very nice ascending channel which should put us above ATH in a day or so, unless we get rejected again, which would be rather bearish, especially if we fall under this channel.
Indicators on 4h are also curving nicely, so momentum to go up is gathering strength. If this continues, tomorrow we will be in price discovery above ATH. :)
My bias remains bullish as long as we don't lose support. ETH is posed to have a great year in 2021!
Like and follow if you liked this idea!
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