Mastex

ETH Daily Chart Review

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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Hello Traders,

After the goals we have given for ETH, let's do a new daily chart review. I am adding below the graph I have given before for your review.



When we examine the new daily chart , we can say that it still exhibits BTC-related movements like many crypto-currencies. It is possible to see the powerful trend lines that we have shown in red lines in the graphic that we have drawn in a slightly simpler and clearer way. The downward slashing of this narrowed line can carry us to the level of support I have shown green. Again, an upturn in the upward direction may lead us to the level of resistance I have shown with the blue line. For now, let's see which way this move will break.

The technical information I give received is for educational purposes only.

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