Hi guy,
My analyses of ETH. I will Keep It Short and Simple :-)
Previous trend: Bullish trend started near the end of December '17 and ended beginning of January '18 with an All Time High of $1418.
Retracement: Since All time high retraced ~60% to $770 and since there in a secundary bullish trend
Current Resistance: Current resistance at $1090, touched ~3times
Currect support: N/A, since the end of retracement to $770 in a secundary bullish trend and therefore a support is not yet been tested
Expectation: Currently making higher low's, but also lower high's. Pattern currently is a flag and if breaks through current resistance, first target would be $1160, second would be $ 1415 and than the next All Time High.
What do you think?
My analyses of ETH. I will Keep It Short and Simple :-)
Previous trend: Bullish trend started near the end of December '17 and ended beginning of January '18 with an All Time High of $1418.
Retracement: Since All time high retraced ~60% to $770 and since there in a secundary bullish trend
Current Resistance: Current resistance at $1090, touched ~3times
Currect support: N/A, since the end of retracement to $770 in a secundary bullish trend and therefore a support is not yet been tested
Expectation: Currently making higher low's, but also lower high's. Pattern currently is a flag and if breaks through current resistance, first target would be $1160, second would be $ 1415 and than the next All Time High.
What do you think?