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Ethereum / TetherUS

#ETHUPDATE - 2.7.21

Kryptochristianの投稿


First one for a long time - Looking like continued bearish movement for ETH with a strong downward resistance to break before any significant breakout will occur. There is some strong support at 1.7k (Definite buy zone) and mild support at 1.9k (again another buy zone).

Looking like a H/S pattern on the 1hr although we are currently battling with the $2050 support - if that breaks then highly likely to see 1.9k and then further onto 1.7k

Go long if we break out above $2075 to approx. $2125 - I think there will be a further rejection there.

Go Short if we break below $2000 to $1900 and then on to $1750 as a stretch target.
Trend Analysis
Kryptochristian

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