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Jimmy205
Aug 27, 2022 10:52 AM

Ethereum's second retracement  Long

Ethereum / U.S. dollarBitstamp

Description

ETH has retraced the log support level twice now, with the 2nd hit being confluent with the 0.618 fib level. Seems to be forming a bullish flag with initial pt. of 2.5k - 3.4k.
A break through this log support would be bad imo, confirmation of the next leg up to 2.5k would be candle close above 1750.
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