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IamCryptoWolf
26. Febr. 2018 10:30

Ethereum: support & resistance level to look at 

Ethereum / DollarBitfinex

Beschreibung

Eth has bounced from daily MA100 and is trading above.

Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.

Bearish case: If market goes below daily MA100, new support levels to look at would be:

- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd

Kommentar

As mention above, Market is continuing to consolidate above daily MA100.

we can add to our long positions

Kommentar

eth keeps consolidating above daily MA100

Kommentar

MARKET hits first support at 0,618 fib retracement
Kommentare
Stangalang
Looks like right shoulder is forming
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