Ethereum / BitcoinUpdated ETHBTC
Ethereum -3.13% gained 61% since last correction which ended on 8th December 2018.
After almost 2 months of uptrend it had a reversal at 0.618 fib level.
It is now near a strong support zone .I believe this level will hold it.
Price movement is similar to that of last cycle.It would be nice to have a similar third wave.What is your opinion in this?
After almost 2 months of uptrend it had a reversal at 0.618 fib level.
It is now near a strong support zone .I believe this level will hold it.
Price movement is similar to that of last cycle.It would be nice to have a similar third wave.What is your opinion in this?
Note
Tested the resistance..need to close above this level.Note
Closed above the resistance in day chartTrade active
Resistance levels are updated..A bounce from the expected level will most probably break the previous resistanceTrade active
Prepare for the next move.I believe ETH will break the trendline soon
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.