ETHEREUM: MUST BOUNCE BACK!
Hello guys, here's a quick update on ETH in a daily timeframe.
A week ago, ETH was expected to rally close to $1500 but it failed to do so and it went back to the $1150 to $1200 range. With the price currently ranging at $1214, ETH is expected to give yet another try but this time close to $1450. The triangle pattern is basically a symmetrical triangle and technically it can head in the direction that favors the market condition.
So, if ETH rejects $1100 to $1130 is the level I can expect. Breaking down below this support level might not be good for ETH.
What is your idea on ETH? Do share in the comments.
Thank you and trade safely.
A week ago, ETH was expected to rally close to $1500 but it failed to do so and it went back to the $1150 to $1200 range. With the price currently ranging at $1214, ETH is expected to give yet another try but this time close to $1450. The triangle pattern is basically a symmetrical triangle and technically it can head in the direction that favors the market condition.
So, if ETH rejects $1100 to $1130 is the level I can expect. Breaking down below this support level might not be good for ETH.
What is your idea on ETH? Do share in the comments.
Thank you and trade safely.
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