JohnnyPurtoy98
Short

ETHUSD close to breaking

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
There are 2 options for this pair, either the price breaks out the resistance level (red) and moves up to the second resistance level (blue) and bounces back down towards the major support (black). Or the price breaks out the support level (black) and moves to new multi-month lows. It looks more likely to break out the support level and move lower, I think over the coming months and maybe year cryptos have a negative future, but over the long-term they could rise in price overall.

Comments

Nice charting !

Same idea here, iam not sure of those 5 EW upwards like the idea of aamonkey,, but the 50% retracement to the upside is also $600
Also fits your trendline, might be a good setup here, waiting for the bulls to kick in
Reply
Very true I have basically the same idea:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out