ETHUSD close to breaking

5 ago 2018

There are 2 options for this pair, either the price breaks out the resistance level (red) and moves up to the second resistance level (blue) and bounces back down towards the major support (black). Or the price breaks out the support level (black) and moves to new multi-month lows. It looks more likely to break out the support level and move lower, I think over the coming months and maybe year cryptos have a negative future, but over the long-term they could rise in price overall.