Crypto Screener › Forums › Ethereum (ETH) Forecast – Technical Analysis › Ethereum (ETH) Technical Analysis – November 2017 TA › Reply To: Ethereum (ETH) Technical Analysis – November 2017 TA
The Ethereum markets responded well this week and we find our selves in a similiar posistion we’re in on the 11th of this month.
This morning we can see some bigger buy walls at 0.05 btc hinting that the whales want some ETH. Please bear in mind these could always be fake, but it is important to take notice of it.
We find the market hitting resistance from 0.05 – 0.054, wait for prices to consolidate above those price levels if you would like to trade the breakout.
Support levels in my opinion is around 0.042, should that break we might see more sideways movement or even down. Feel free to discuss the forecast with me on our Slack. Safe trades.