Hello Traders ,
today we will discuss abt ETH , this coin follows btc very closely, whatever btc will do we will see impact on eth too
there are 2 scenarios in eth chart
1) before going to 250$ eth may take demand at 310-320 and will show one more leg-up towards 350$
2) or it will break demand zone of 310 level and start its journey towards 250$
as we can see eth is trading in classic descending triangle pattern ,this type pf chart pattern mostly breaks down side
also last monthly and weekly candle of eth is closed strong bearish ..which is showing strong decline and heavy selling pressure on higher time frame
250$ is great demand zone...we can consider buying eth after strong confirmation on weekly.
today we will discuss abt ETH , this coin follows btc very closely, whatever btc will do we will see impact on eth too
there are 2 scenarios in eth chart
1) before going to 250$ eth may take demand at 310-320 and will show one more leg-up towards 350$
2) or it will break demand zone of 310 level and start its journey towards 250$
as we can see eth is trading in classic descending triangle pattern ,this type pf chart pattern mostly breaks down side
also last monthly and weekly candle of eth is closed strong bearish ..which is showing strong decline and heavy selling pressure on higher time frame
250$ is great demand zone...we can consider buying eth after strong confirmation on weekly.
Comment:
ETH touched 350 as expected
