ETHUSD; 600 test likely
Like BTCUSD, this coin sees a similair pattern. It has broken below it's short-term bullchannel and is correctong below the first Fibonacci level (38.2%).
It seems likely this market will continue it's decline to the next Fibonacci level around 600. Note that it is there that the Bollinger Bands midline resides also, making it a more important support mark. Likely to see at least some better defending down there. If not, 542 is next.
Probably will see a better bounce on eithere of these levels. 715 is resistance.
It seems likely this market will continue it's decline to the next Fibonacci level around 600. Note that it is there that the Bollinger Bands midline resides also, making it a more important support mark. Likely to see at least some better defending down there. If not, 542 is next.
Probably will see a better bounce on eithere of these levels. 715 is resistance.
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