BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello Ladies and Gentlemen - I am publishing an idea on what the price of ETHER is going to be in the near future in terms of probabilities. What we are witnessing now is a bearish Ethereum market - we've seen enough of weird stuff going on with the price of Ethereum since the price chart of it stopped bearing much resemblance from what the shape of the Bitcoin price chart used to be - when Ethereum took its own path - approximately 13th -14th of July 2019. So what we have here is a triangle (oh, back to this again, are we?). And what is interesting here, as we are coming closer and closer to the crucial support levels (179.2 - 181.5 and 166.6 - 169.8 areas), is that it is more likely for Ethereum to go upwards than downwards, and it seems like a potential scenario given the fact that the dominance of Bitcoin is declining now. So I am expecting the price to be at the 217.9-221.8 area by the beginning of September and think that the 179.2 - 181.5 range is a good buy zone with an additional 166.6 - 169.8 area.
Comment: Here's the simplified idea on ETHEREUM 4H chart
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