ETHBTC - at important resistance!
The price of Etherium, has hit some time ago the top line of the downward channel and is currently on the 61% Fibo retracement at 0.063. This is a very important level, because the technical resistance level at 0.0666 is just above it. Breaking the top of these levels and closing the daily candle above 0.0666 will mean a continuation of rally towards the level of min. 0.080. A pull-ack the trend from the current levels will allow BTC to strengthen, but the real reversal of the trend can only be said after breaking the support at 0.045.
Main trend: DOWN
Intermediate trend: DOWN
Daily trend: UP (price at a key level)
Key levels:
- for further increases - level 0.0063 and later 0.0666
- for continuing correction - level 0.0063 and later 0.0055
- for continuation of falls - level 0.0045
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Main trend: DOWN
Intermediate trend: DOWN
Daily trend: UP (price at a key level)
Key levels:
- for further increases - level 0.0063 and later 0.0666
- for continuing correction - level 0.0063 and later 0.0055
- for continuation of falls - level 0.0045
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
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