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.


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
Very true I have basically the same idea:
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