hey guys, very welcome to ETH short term update, above chart clearly shows that how well Ethereum is following the same old pattern, now most likely we've achieved the bottom and a rally upto 240-250 zone is expected in coming days. have a close look at charts below...
prices drop to fib1272 major level of support, and buyers takeover sellers from here
50MA crossing 200MA in 1h chart, golden cross formation, highly bullish
right now most important level of resistance is 200MA in daily chart, bulls struggling to break this level which is floating around 199 level currently, most likely bulls will break it, but first we need to see a small sell off from short sellers.
Oscillators are looking damn bullish but bulls needs a rest here to climb higher, a retest towards 190 level is possible in coming hours.
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thanks for reading, this is Husain Zabir signing out...
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Ethereum dumped perfectly as predicted, expecting a bit more upto 180-182 level