Today, I will explain on a daily basis of ETH.
Since the beginning of August, ETH has been repeatedly supporting and resisting on the $ 376 line, and it has been on a downtrend while forming a parallel channel of decline in the short term without giving a sense of medium-term direction. However, the price movement from last week has surpassed this parallel channel, and I feel the strength of the latest momentum.
In the market that gradually raises the low price while raising it, it is difficult for shorts to get out, the consciousness line such as the resistance line does not work, and the trend often continues, but if it continues as it is, today, tomorrow will challenge the $ 376 break.
From there, the game of ETH.
Even if it breaks through $ 376, the strong consciousness line will continue at $ 407 and $ 440, but it is thought that the bottom price has solidified due to the double bottom and the downtrend line, and the future rise may be stronger than before.
How far can we rise toward the end of 2020?
With Ethereum 2.0 ahead, future price increases are expected.
Since the beginning of August, ETH has been repeatedly supporting and resisting on the $ 376 line, and it has been on a downtrend while forming a parallel channel of decline in the short term without giving a sense of medium-term direction. However, the price movement from last week has surpassed this parallel channel, and I feel the strength of the latest momentum.
In the market that gradually raises the low price while raising it, it is difficult for shorts to get out, the consciousness line such as the resistance line does not work, and the trend often continues, but if it continues as it is, today, tomorrow will challenge the $ 376 break.
From there, the game of ETH.
Even if it breaks through $ 376, the strong consciousness line will continue at $ 407 and $ 440, but it is thought that the bottom price has solidified due to the double bottom and the downtrend line, and the future rise may be stronger than before.
How far can we rise toward the end of 2020?
With Ethereum 2.0 ahead, future price increases are expected.
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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.
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.