EthereumShort
ETH IDEA: June 29th to July 31st
I just copied the rate of increase at the end of the month (May to June) and positioned it on top of the end of the month now (June to July). We are experiencing the exact same rate of increase.
There is a possibility that ETH will not have the strength to break the next resistance lines (red rectangles) and therefore this increase may last up to 3 days longer than expected (black arrow positioned on the June to July changeover).
I also copied the fall ratio, at the beginning of June until the beginning of this week (yellow triangle), and pasted it at the beginning of July, as I imagine that ETH will not have the strength to break the main resistance lines (flag for example).
For those who believe that ETH will continue to grow beyond my review marks. Please review other currencies like BTC and ADA. So far, only ETH is on the rise. Therefore I believe the downward trend of all currencies will continue until late July and early August.
If you have any feedback, please write in the comments.
There is a possibility that ETH will not have the strength to break the next resistance lines (red rectangles) and therefore this increase may last up to 3 days longer than expected (black arrow positioned on the June to July changeover).
I also copied the fall ratio, at the beginning of June until the beginning of this week (yellow triangle), and pasted it at the beginning of July, as I imagine that ETH will not have the strength to break the main resistance lines (flag for example).
For those who believe that ETH will continue to grow beyond my review marks. Please review other currencies like BTC and ADA. So far, only ETH is on the rise. Therefore I believe the downward trend of all currencies will continue until late July and early August.
If you have any feedback, please write in the comments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.