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Lorenz_Capital
Aug 13, 2019 1:11 AM

Ethereum Technical Analysis - August Forecast Is Bullish Long

Ethereum / US DollarHITBTC

Description

Hi Traders,

I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is added to the market cap.

Accumulation Zone $165-$210

Sell #1 Zone - $389-$550

Sell #2 Zone $800-$1,000

Stop Zone - $155-$160


Good luck, hit thumbs up
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