ETH 13 September 2020 (Daily)

SUMMARY

The likelihood of seeing ETHUSD drop back to $300 for a retest of the breakout seems unlikely from here. Both last week and this week saw lower wicks that would be bought up, a strong indicator that bulls are looking to enter the market. Volume has softened slightly but is still broadly up compared volumes prior to the breakout. 

There is some overhead resistance here though, so now is not the time to be looking for entries until we get a confirmed bullish impulse.

ANALYSIS

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