ETH/USD TA
The short squeeze pushed ETH above my targets (https://steemit.com/cryptocurrency/@srezz/xauut-eth-usd-ta) in exchanges like Kraken by as much as $30. However, it was rejected by 1D 34 & 89 WMAs and currently it is confined between the strong resistance of the 1D 34 & 89 WMA (yellow & brown) confluence zone ($226-240) and relatively weak support provided by 1D 13WMA (blue).
https://www.mql5.com/en/charts/7367258/ethusd-d1-distel-enterprises-co
On the 4H chart, ETH already shows signs of weakness and if 4H 34 and 89 WMAs do not hold it ($180) it will continue to $160
https://www.mql5.com/en/charts/7367273/ethusd-h4-distel-enterprises-co
Awesome! Glad to see my TA gave me similar results. I thought 180 would be the bottom, I'll be watching it closely! Thanks!