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ETH testing critical resistance

T8terTrad3r@bbs profile image
T8terTrad3r
Sep 15, 2022
We've broken diagonal resistance, and so far, it looks like we'll close the day below it. [Note: that second bubble should say Sept 13th, not 15th.]We've broken diagonal resistance, and so far, it looks like we'll close the day below it. [Note: that second bubble should say Sept 13th, not 15th.]

We're testing the ~1460 resistance now. We're oversold on the stochastic, but if we confirm below, it's a long way down. Watch DXY, equities market, and total2 for direction. BTC mill have some input, but not as much as usual, imo. A 1 basis point increase at the FOMC meeting could well push us below resistance.

Here's a close up. You can see where we broke diagonal resistance. Horizontal resistances are stronger, so if the ~1467 price point breaks, the next two stops are a long way down.Here's a close up. You can see where we broke diagonal resistance. Horizontal resistances are stronger, so if the ~1467 price point breaks, the next two stops are a long way down.

 Trade Wisely! 

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