Ethereum Analysis (ETH/USD)

in #trading5 years ago

SATURDAY
3-AUG

Unlike Bitcoin, price is yet to take out LW high and may even fail to do so.
It seems unlikely to fail, though, since price is very close to it and BTC/USD seems bullish as well.

On the Daily, there are equal highs further above that seem like the most reasonable target for longs.
The lows were rejected this week and seems like price is seeking the upside LQ.

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I think ETH will go up from here