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ETH/USD Maybe a Bottom

HomeAnalysis — ETH/USD Maybe a Bottom

 

ETH/USD

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$

                       131.0$

                       165.0$

Support       : 100.0$

                       >80.0$

 

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

BTCSMARTCONSULTING@GMAIL.COM

Mena’hem Mendel Sultan