Ticker: ETHUSD
Exchange: BITFINEX
The price is in broad balance, and until we leave this trading zone either up or down, there is no reason to talk about the beginning of the upward / continuation of the downward trend.
Now it is important to look at how the price will behave near key levels.
In the case of penetration of key levels, it is important to remember that the price should consolidate above / below these levels. and only then can we talk about further movements
So far there is an opportunity to trade from the borders of this wide range.
You should not rely on excessively rapid growth, since the market is tied up, and it is so simple, (fast), we will not grow until the majority of market participants believe in growth
Exchange: BITFINEX
The price is in broad balance, and until we leave this trading zone either up or down, there is no reason to talk about the beginning of the upward / continuation of the downward trend.
Now it is important to look at how the price will behave near key levels.
In the case of penetration of key levels, it is important to remember that the price should consolidate above / below these levels. and only then can we talk about further movements
So far there is an opportunity to trade from the borders of this wide range.
You should not rely on excessively rapid growth, since the market is tied up, and it is so simple, (fast), we will not grow until the majority of market participants believe in growth