As requested, I'm now gonna comment on eth. For days now, I have delayed making a comment about this coin because I'm still literally watching it's puzzling move.
Since eth is second to BTC when it comes to market cap, it has the tendency to influence the BTC movement. So it's important to watch it.
As you know, I was always bullish on BTC, but not so with eth. Unfortunately for eth, the KDJ oscillator is showing two conflicting signals in the weekly chart. It is suggesting a bounce back to 3870, and a dive back to 2929.
So which is which? In my opinion, this means long price consolidation is possible. Price may move sideways from 2929 to 3870. If you're trading ETH in spot, make an entry at 2929 or somewhere below or at least near it. It's the safest entry.
But if you'd like to take more risk, you can jump in when price dives down to 3243, or Lower. Why? Because we have a strong daily KDJ support at at 3243.
Since eth has established a lot of KDJ support namely 3243, 3453, 3486, and 3777, I'm positive that a bounce back to 3870 will happen first before the 2929 dive.
Yup, Eth is complicated. 😅
Ohh, if you've been reading my post and has found it helpful, feel free to FOLLOW😁.
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