Ethereum followed Bitcoin down, breaking its support zone and slicing right through the first block and dipping slight into the next demand zone near $190. We have bounce nicely so far but would like to see a daily close above these 2 blocks. Our prediction for retracement was spot on but it did take a few more days to complete.
The EMAs have turned over and are catching up to price but we do expect this lower support zone to hold for now. If we do break below and close on the daily, we could very well be making new lows.
Thanks guys
The EMAs have turned over and are catching up to price but we do expect this lower support zone to hold for now. If we do break below and close on the daily, we could very well be making new lows.
Thanks guys