MAYBE A BOTTOM
#ETH/USD is now floating near his major support, which is around 100$
#ETH/USD has formed a falling wedge pattern on the daily chart.
After the massive drop of ETH/USD on the 10th of january, ETH/USD formed a range between 131$ to 114.5$. Two days ago ETH/USD broke this range and try to retest the Major support (100$). 100$ means more than times cheaper …
I believe there will be a bounce from here, but if no… if the major support is won by the bears.
Then we might see ETH/USD drop by 20% to find a support around 80$
Resistances : 114.5$
Support : 100.0$
HOW TO TRADE IT :
- Buy the support – Sell the resistance.
- Buy the breakout of the resistance – Sell the major one.
-If you buy the support and sell the resistance then you believe ETH/USD is forming a new range between theses 2
-If you buy the breakout of the resistance then you believe ETH/USD is getting bullish.
BITCOIN מלשון ביטחון
Mena’hem Mendel Sultan