Technical analysis Ethereum. ETH-USD on September 24, 2018

October 4, 2018


Holing the long-term long Ethereum, but on the short term perspective the situation loos the following way: we are getting closer to the upper edge of the downtrend wedge; the impulsive breakout may happen after which the usual pullback to the support zone will be, the upper edge will serve as a support zone. It this is a fake breakout, after the test of the new support the price should move up. But now the uptrend wedge has formed inside of the channel that may indicate the weakness of the market to break the current resistance, even now we can go lower in order to test the support at 200 and gaining the volume for the next try to break the resistance of the upper edge of the channel.

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