ArmandBouillet

Ethereum Technical Analysis August 10

BITFINEX:ETHUSD   Ethereum
We can see here that breaking the corrective ABC is whats shaping up to be a nice 1-2-3-4-5. after rebounding off the previous resistance there should be some pullback to around its $270 support line. the 5 wave should continue to the next resistance area where it has a 90% chance of facing a reversal between the -0.27 and -0.618 lines respectively. The MACD indicates that there is still trend continuation despite the sharp but small pullback at the $315 mark. In point would be about $325 with out point around $360 for nice little 10% ride. Be wary if the pullback breaks past the 0.382 mark.
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