sumeet007

Technical Analysis of Etherium (ETHBTC)

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
1)Etherium is taking support at the 50% Fib. Retracement as well as on the short term uptrend line.
2)It will again try to break the 38.2% Fib Retracement level which will act as immediate ressistance and once it doesn , the next resistance is at 0.094096 BTC .
3)Once it crooses 0.094096, the next major resistance will be 0.123277 btc .
4)On the downside, if the minor uptrend line breaks,it may test 0.066103 btc level then the next support will be 0.054139 btc level.

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