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ThinkingAntsOk
Jul 23, 2019 4:36 PM

ETHEREUM (ETH/USD) AT $190 AGAIN Short

Ethereum / DollarBitfinex

Description

4H CHART EXPLANATION:


We observe in the 4H Chart that price is on a Descending Channel since the beggining of the Downtrend. It has recently broken the Support Zone, and did a pullback towards it to continue the downside move. We now expect a retest of the previous zone at $190 where a double bottom will be formed and may be a rejection.


MULTI TIMEFRAME ANALYSIS:

-Daily:



-Weekly:




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