Here we try to clarify what could happen in the coming days, after the great correction of the currency of the etherium and breaking many levels of resistance, so that the price was committed with a downward channel that started from $ 1,250 down to $ 750, the ratio was about 54%. As the market started to rebound, Positive on the rest of the currencies. In the daily time frame we see a strong position between $ 500 and $ 600 where the price touched several times earlier and rebounded upwards. The bearish channel was broken and the price rebounded from the support level of $ 750, now the price is heading towards a resistance level at $ 950
With the beginning of February 6, 2018 prices took the daily candle to close the green candle at $ 783, and the support area proved its strength in raising prices and formed a minor upward trend line to reach the resistance area between $ 925 and $ 981 to rebound on February 18 And the BB index is a moving support and resistance line, we see the price above the midline of the index which is good for the continuation of prices to rise.
Potentially break through the resistance area to continue to climb the respectable upward trend line, or to drop back into the support area between $ 700 and $ 780
With the beginning of February 6, 2018 prices took the daily candle to close the green candle at $ 783, and the support area proved its strength in raising prices and formed a minor upward trend line to reach the resistance area between $ 925 and $ 981 to rebound on February 18 And the BB index is a moving support and resistance line, we see the price above the midline of the index which is good for the continuation of prices to rise.
Potentially break through the resistance area to continue to climb the respectable upward trend line, or to drop back into the support area between $ 700 and $ 780