Technical analysis Ethereum. ETH-USD August 08, 2018

August 8, 2018


On 1 day timeframe it looks oversold. It should start gaining the volume from this price zone and form the beginning of a new market cycle. We can see that the rapid fall did not have any correction. If we manage to break and consolidate above 405 level, we can expect the positive scenario of the further market movement. The current price zone gives us an opportunity to enter. On the long time perspective, it has a potential to move up.

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