$ETH $ETHUSD Snap above $300+

18 באוג׳ 2019

Weekly "Trend": Major downtrend shown, price formed a higher high at $300 from our previous lower high @ $240. ETH now looking support to from a possible higher low. Fibonacci 87% retracement looking to be tested, a reversal here could snap ether like a rubber band to $500. Price currently testing our trendline & consolidation zone that was broken back in May. Momentum looking to slow down, looking at the smaller timeframes for potential reversals.


Daily "Pattern": Descending wedge looks to have found support @ $175, momentum building up, expecting a breakout with a daily close above $200. Trend being respected