ETH analysis
Make or break it moment for 
ETH, parabolic run is still in place (green dotted curve) but the price is moving between a channel that could become a bearish rising wedge. If it bounces now on the bottom trend line (which also coincides with the 0.618 Fib level) 690/700 is the next target otherwise if it breaks the trend line to the downside we could easily go to test the 480 area.
ETH, parabolic run is still in place (green dotted curve) but the price is moving between a channel that could become a bearish rising wedge. If it bounces now on the bottom trend line (which also coincides with the 0.618 Fib level) 690/700 is the next target otherwise if it breaks the trend line to the downside we could easily go to test the 480 area.
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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.