ETH/USD
ETH is following the downward trend-line support as the price perfectly bounce right from it again.
Though $120 is a whole number of physiological support also Jan - Feb 2019 trading activity within this price level.
If the price will retest the resistance between $137 - $140 and pullback to $126 area to confirm new support,
I would expect a potential early sign of bulls buying. The market trend-line cycle will probably take 30 days,
expect more sideways action during this period.
ETH is following the downward trend-line support as the price perfectly bounce right from it again.
Though $120 is a whole number of physiological support also Jan - Feb 2019 trading activity within this price level.
If the price will retest the resistance between $137 - $140 and pullback to $126 area to confirm new support,
I would expect a potential early sign of bulls buying. The market trend-line cycle will probably take 30 days,
expect more sideways action during this period.
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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.