Dear Friends,
This post belongs with my previous post of Ethereum. I am posting a new one so you can follow the price trend instead of a screenshot in the update.
We are in a perfect downward trend channel and approaching the bottom of the falling wedge that might be broken if the market were to go into a crash.
All support and resistance in the chart.
If the neckline of the HS is broken the bullish falling wedge expires and we head towards USD 1677.
Important:
Do not think now that alts are falling less than Bitcoin that we have an improvement! For a rising market both need to be in harmony, Currently there is absolutely no harmony and the Bitcoin dominance is making violent moves indicating great uncertainty in the markets!
Dear friends, always use stops and if nto with lot of experiance it is not adviced to use leverage in your trading.
I wish you all good luck with trading!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
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See also my previous post