DrJLT

ETHUSD trading within zone not ready for breakout

DrJLT Updated   
BITSTAMP:ETHUSD   Ethereum
ETHUSD has been trading within the $400 and EUR 400 zone. Indicators show that it is not ready for a breakout. The indicators do not show much strength at the moment.

If we refer to Wyckoff accumulation analysis, it could touch the $400 area again before a forceful rally to break above the EUR 400 area.
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