ETH/USD:WHATS NEXT?
This has been a crazy week for crypto. Bitcoin falling off, and Bitcoin fork fiacsos. In the mist of everything, I became very keen to ETH. It is considered the underdog coin in my opinion. But recently, the coin hasnt been preforming well. So I decided to investigate the current patterns of it using my techical analysis.
To my finding, I can relate it to BTC in similar ways. The patterns seem to replicate eachother. But they are 2 different monsters. ETH is currently in energy coil phase. With that said, it could go 1 of 2 ways. If it breaks to the upside, it will challenge the $194 resistance. If it breaks down, then we will fall to the next leg of support;$135 high;$94 low.
With that being said this is NOT INVESTMENT ADVISE. Have you're stop losses in play, and play it smart.
-Sheridan S.
To my finding, I can relate it to BTC in similar ways. The patterns seem to replicate eachother. But they are 2 different monsters. ETH is currently in energy coil phase. With that said, it could go 1 of 2 ways. If it breaks to the upside, it will challenge the $194 resistance. If it breaks down, then we will fall to the next leg of support;$135 high;$94 low.
With that being said this is NOT INVESTMENT ADVISE. Have you're stop losses in play, and play it smart.
-Sheridan S.
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