From my observation, the price of Ethereum has remained in the Parallel Channel since the month of June, we have experienced high prices at around $248 and that of low prices at around $221. If the ethereum prices continues in this manner, then we have two options in mind.
First Option: We wait for the price to touch the Resistance Level zones at around $245.56 so that we can sell the coin (Wave line A).
Second Option: We wait for the price to touch around the Support Level zones at around $222.74 before we can buy back some ethereums (Wave line B).
I strongly believe Ethereum could move to be a real big reversal and prices can start to go up pass the resistance level zones sometime later in the month of August.
Do follow me on my Telegram Channel @CryptoPrinceTrades & on Twitter Obiakor_Evans
Follow here for more great Trend analysis.
What's your take? Feel free to comment and share your thoughts.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.