ETH is close to breakout of weekly descending trendline. If that happens, it may continue growing to the top of the channel at 300. But it has such a negative momentum and bear trend, that I doubt it. Most probably get stuck within 280-290 range.
Week chart
If BTC for some, any reason, won't continue bullish reversal, ETH will continue falling towards 230.
Week chart
If BTC for some, any reason, won't continue bullish reversal, ETH will continue falling towards 230.
Trade closed: stop reached
Well, it didn't dipped to 230 (only to 246), but BTC also reversed a bit earlier than everyone expected. Now we have a bullish trend forming. I'll write about it somewhere else.
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Crypto reviews - t.me/WiseAnalyze
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Crypto watchlist - t.me/WiseAnalyzeDCA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.