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The price just perfectly follow our downward plan and hit all the targets. More than that the Price even hit one more target after rejection where our sell zone was. Currentlly the price will continue to decline after rejection from resistance
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Ethereum still consolidates below the $144,5 resistance. Bulls are strong when we speak about $140 - $142 support, so currently the price is stuck between two important levels. Now we need to closely watch how the price will act near the resistance.
Fixation above the $144 level means a strong bullish sign for the coin, while the 3rd unsuccess would mean a...
On December 2nd, 2018, the ETH/USD chart:
Short-term volatility (orange) crossed down long-term volatility (blue) as seen on the indicator.
All four Quad CCI values were below -100, soon to be inside the first standard deviation again.
Because short-term volatility was down, it was easy to drive prices up.
One last selloff occurred, followed up by a parabolic...
ETHUSD symmetrical triangle...
What’s happening during this formation is that the market is making lower highs and higher lows.
This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend.
If this were a battle between the buyers and sellers, then this would be a draw.
We can see that neither the buyers nor the sellers...
ENTRY AVERAGE PRICE 143.27
UPDATE AFTER WEEK CLOSING ALSO.
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Updating my previously mentioned strategy. ETH fall back to 141.6 support level. currently re-testing this and once breaking this level, one might expect it to consolidate in the range of 136-138 range.