Ethereum possibilities for further movement
#ETH
We hold the long-term Long Ethereum, but in the more short term the situation looks like this: we are approaching the upper edge of the descending channel; there can be an impulsive breakdown, after which there will be a logical rollback to support, in the role of which this upper bound will already act. If this is not a false breakdown, then after the test of new support, the price should move higher. But at the moment there is an upward wedge inside the channel, which can indicate the current weakness of the market for breaking through the current resistance, we can now go lower for the next test of support of 200 and a set of volume for the next attempt to break through the resistance of the upper edge of the channel.
We hold the long-term Long Ethereum, but in the more short term the situation looks like this: we are approaching the upper edge of the descending channel; there can be an impulsive breakdown, after which there will be a logical rollback to support, in the role of which this upper bound will already act. If this is not a false breakdown, then after the test of new support, the price should move higher. But at the moment there is an upward wedge inside the channel, which can indicate the current weakness of the market for breaking through the current resistance, we can now go lower for the next test of support of 200 and a set of volume for the next attempt to break through the resistance of the upper edge of the channel.
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#ETH
Follow the scenario of decline, approached the tight support of 200. At the moment there is a probability of a rebound in the upper edge of the wedge
Follow the scenario of decline, approached the tight support of 200. At the moment there is a probability of a rebound in the upper edge of the wedge