This is a follow on analysis from my previous ETH/USD analysis, which is going perfectly to plan! Well done to everyone following me, we have been predicting Ethereum's every move perfectly and avoiding any losses!
Let's analyze ETH/USD and use simple facts to make this analysis. Ethereum is moving perfectly in accordance to our previous analysis. We are nearing a buy opportunity now, as we approach key technical levels!
Price will break down in one of two ways, they are:
- Price hits horizontal support at between 498 and 468 before bouncing upwards to the upside target at 678. Bare in mind however that price could hit the side-wards resistance line and stall at 556 (Approximately) and fall back into structure.
- Price breaks the horizontal support zone between 498 and 468 and goes lower to next horizontal support zone at 370.
Bare in mind if price hits the lower support zone, it's more likely price will only make it to the side-wards resistance structure line which coincides with the first horizontal support zone turned resistance at 470 before breaking down further.
Also bare in mind also if it bounces at the first support zone at 498, it could still hit the side-wards resistance zone at a higher level at 541.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow. I'd really appreciate it.
Let's analyze ETH/USD and use simple facts to make this analysis. Ethereum is moving perfectly in accordance to our previous analysis. We are nearing a buy opportunity now, as we approach key technical levels!
Price will break down in one of two ways, they are:
- Price hits horizontal support at between 498 and 468 before bouncing upwards to the upside target at 678. Bare in mind however that price could hit the side-wards resistance line and stall at 556 (Approximately) and fall back into structure.
- Price breaks the horizontal support zone between 498 and 468 and goes lower to next horizontal support zone at 370.
Bare in mind if price hits the lower support zone, it's more likely price will only make it to the side-wards resistance structure line which coincides with the first horizontal support zone turned resistance at 470 before breaking down further.
Also bare in mind also if it bounces at the first support zone at 498, it could still hit the side-wards resistance zone at a higher level at 541.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow. I'd really appreciate it.
