Hi
In last ETH analyse i predicted its moves correctly but again like always ETH show us that BTC have much influence on it.During BTC retrace and shoulder forming we saw that ETH came back to downward channel by bearish wedge that it formed.
What is important now is that last bounce of BTC can't help ETH to break this resistance i draw in chart with blue dashed line.Now its 4th time that this resistance stop ETH to continue.
I don't want to be negative but if BTC show a little weakness i pretty sure that we will repeat blue circle in chart again and maybe we drop to red line around $453,too.But it's not reliable now,first we need to see what BTC want to do.
So i end this analyse now and don't enter details in it,i don't want to BTC ruin my expectations on it again and wait for this resistance to break and after that talk about it clearly.Honestly this time i did not trade in ETH and i just monitor it for many my co-workers and friends here.
Good Luck
In last ETH analyse i predicted its moves correctly but again like always ETH show us that BTC have much influence on it.During BTC retrace and shoulder forming we saw that ETH came back to downward channel by bearish wedge that it formed.
I don't want to be negative but if BTC show a little weakness i pretty sure that we will repeat blue circle in chart again and maybe we drop to red line around $453,too.But it's not reliable now,first we need to see what BTC want to do.
So i end this analyse now and don't enter details in it,i don't want to BTC ruin my expectations on it again and wait for this resistance to break and after that talk about it clearly.Honestly this time i did not trade in ETH and i just monitor it for many my co-workers and friends here.
Good Luck
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I was sure that this will happen again,now what's your opinion about Cup & Candle?
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This time even did not try to hold that area,down quickly,at least show some support here,but honestly,if btc go little lower,ETH will break black line to red line easily.
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