Is This Major Market Ready to Make a Turn to the Upside?

Just like the stock markets, we’ve been watching as the major digital currency markets have retreated from their recent highs.

But also like stocks, we have been eyeing key technical levels that could provide support for the next big U-turn to the upside.

While these markets are different, our approach to finding turns in those markets never changes.

And for the ETH futures (ETH) market, there is really only one thing we’re waiting for to signal an entry opportunity…

The Technical Setup

The ETH daily time frame is in an up channel, and the market has been moving from the top of the channel towards the bottom of the channel since early April.

Over the last few days, the market has touched the bottom of the channel and is starting to show signs of stabilizing.

Daily ETH Futures (ETH) Contract Price & Technical Analysis – Source: TradingView

As long as the market does not close below the bottom of the channel, the research supports that the buyers should take control and push the market up towards the top of the channel again.

However, it will be a good idea to stay out of this market until the daily time frame breaks above the short-term downtrend line, which should provide confirmation of a market U-turn.

The Bottom Line

Every week, we cover the ETH and BTC markets as well as the major stock markets inside of my entry level futures trading service, Futures War Room

If you’re interested in learning more and how you can take on the digital currency revolution, consider checking out my latest presentation right here! 

For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.

I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.

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Keep on trading,

P.S. I have been teaching more and more traders how to make their own trading accounts work so well that they can effectively become a side job with plenty of regular earning opportunities. And in particular, learn how this is really working with digital currencies such as BTC!
To learn how to do this effectively using the strategies developed inside my War Room, click here!

Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

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