ETHEREUM -- Can Crypto Consolidation Continue?
The cryptos have seen some small but constant bull moves lately. Now, we're looking at continued consolidation as supports hold for cryptos. It's very likely that we will see some pullback and a new support form and hold. This should then turn into a bounce and tightening price range for confidence to the bulls.
I'm really looking at supports now as being a key decider. In reality, the longer weekly chart is still the key here and what we're looking for as being a decider for longer term market movement.
I'm still in my positions and will hold until we get a break of the supports to trigger a stop. For now, consolidation and a bull move still to the upside seem likely in my opinion.
Have a great weekend all!!