Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
ETH Broke out of the channel and is currently retesting the resistance turned support. I expect two scenarios here. Either we start pumping from here or ETH can retrace a bit to the .062BTC level from which I expect a good rally.
Target will be .075 BTC to .08 BTC which is the upper channel resistance level.
This chart will be invalidated if we break below the lower support trendline. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section.