ETHEREUM SHORTING, SELLERS SHOOTING THE SHORTS(Is $185 likely?)
Do you think Ethereum will Hit $200 Before $300 zone? The Bears are setting their SHORT filled with hungry arrows to hit $200 but will the Bulls allow this happen with the countless support around $239 - $235 zone?
well here is my view on ETHUSDT current situation.
A RETRACEMENT is likely to start around the $249-$250 Zone as a result of the strong RESISTANCE in this zone caused by the weekly trendline(Weekly Downtrend Top trendline) which ETHUSDT has been in for some time now
This will push it down to drop all the way to the midline $235 zone where a strong SUPPORT lay awaiting. Here ETHUSDT is most likely to bounce but if bulls become too scared to buy (I expect a bounce most likely) on the support, ETHEREUM will most likely break down further to $212, $189 -$178 ZONE strong Support to Push up towards for Breakout.
BREAKOUT TARGET = $365.
Let me know what you think below, DO you think ETHUSDT will Hit 200 before 300?
well here is my view on ETHUSDT current situation.
A RETRACEMENT is likely to start around the $249-$250 Zone as a result of the strong RESISTANCE in this zone caused by the weekly trendline(Weekly Downtrend Top trendline) which ETHUSDT has been in for some time now
This will push it down to drop all the way to the midline $235 zone where a strong SUPPORT lay awaiting. Here ETHUSDT is most likely to bounce but if bulls become too scared to buy (I expect a bounce most likely) on the support, ETHEREUM will most likely break down further to $212, $189 -$178 ZONE strong Support to Push up towards for Breakout.
BREAKOUT TARGET = $365.
Let me know what you think below, DO you think ETHUSDT will Hit 200 before 300?
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ETHUSDT fell to 235 strong support as I said in my analysis. Here I expect ETHUSDT to bounce to the target of 241, If bull power fail them, it will dump as a result of strong resistance at 242 dump to 226
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ETHUSDT Dipped as I expected, the 227-225 is a strong support meaning we are likely to see a bounce to atleast 238 -240
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