ETH/USD - Long the bounce, wait for confirmation of support
ETH has an identical pattern like BTC (see below link). We are likely to bounce from here to 1k and exit the downtrend channel then re-test the support at $900 which was already touched by the wick (Fib 38.2%).
If it holds we're gold and up we go to ATH. This is an identical situation to how BTC price reacted when it approached ATH of 20k, just that the drop was more significant here at 30%.
The market has to hold these levels, otherwise, we're not looking pretty later on.
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If it holds we're gold and up we go to ATH. This is an identical situation to how BTC price reacted when it approached ATH of 20k, just that the drop was more significant here at 30%.
The market has to hold these levels, otherwise, we're not looking pretty later on.
Like and follow!
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