ETHEREUM: MUST BOUNCE BACK!
Hello guys, here's a quick update on ETH in a daily timeframe.
A week ago, ETH was expected to rally close to $1500 but it failed to do so and it went back to the $1150 to $1200 range. With the price currently ranging at $1214, ETH is expected to give yet another try but this time close to $1450. The triangle pattern is basically a symmetrical triangle and technically it can head in the direction that favors the market condition.
So, if ETH rejects $1100 to $1130 is the level I can expect. Breaking down below this support level might not be good for ETH.
What is your idea on ETH? Do share in the comments.
Thank you and trade safely.
A week ago, ETH was expected to rally close to $1500 but it failed to do so and it went back to the $1150 to $1200 range. With the price currently ranging at $1214, ETH is expected to give yet another try but this time close to $1450. The triangle pattern is basically a symmetrical triangle and technically it can head in the direction that favors the market condition.
So, if ETH rejects $1100 to $1130 is the level I can expect. Breaking down below this support level might not be good for ETH.
What is your idea on ETH? Do share in the comments.
Thank you and trade safely.
coincall.com/r/43438887
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