Ethereum (ETH) - Nr 7 - Breathing

in #ethereum7 years ago

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Ethereum is a bit lateralized in the very short term trying to gain strength to overcome the resistance to the $ 650 level.

In addition to stronger resistance traced by the blue lines, it is important to break the shorter-term downline drawn in orange.

7C26DD36-D421-49A5-93D4-508D96F3398A.jpeg

Expanding the analysis to the daily chart, we can observe that the ETH selling side is weaker, with candles of uncertainty, giving room for a reaction.

I’ll keep you updated.

Obs.: Do not take any material or analysis in this blog as a recommendation. It's just my opinion and this is not a financial advice.

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For future viewers: price of bitcoin at the moment of posting is 8513.00USD

Thanks for the analysis.