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The asset has broken through the local downtrend and is now trading in the range of $1330
You can try to open a position in long from the retest of the countertrend double line on the reverse side, roughly shown on the chart. Stop short, do not forget about your risk management!
So far, Ethereum looks bad for it due to the growth of bitcoin, I think if bitcoin can stay at this level, we will see a local rebound towards $20,000 as well as ETH towards $1400
The asset has broken through the local downtrend and is now trading in the range of $1330
You can try to open a position in long from the retest of the countertrend double line on the reverse side, roughly shown on the chart. Stop short, do not forget about your risk management!
So far, Ethereum looks bad for it due to the growth of bitcoin, I think if bitcoin can stay at this level, we will see a local rebound towards $20,000 as well as ETH towards $1400
