The FIBO level, the shape of the candle and the posterior candle, sail make it clear that we are in the presence of a bottom.
After a strong fall, within a descending channel, ETH has to change its tendency.
It has two historic and strong resistance to cross.
The target is USD 350.- Being conservative, but I'm sure ETH is being "controlled" some time ago between the 280/300 range.
There are 30% chances of the second scenario.
Greetings and thanks for your time
After a strong fall, within a descending channel, ETH has to change its tendency.
It has two historic and strong resistance to cross.
The target is USD 350.- Being conservative, but I'm sure ETH is being "controlled" some time ago between the 280/300 range.
There are 30% chances of the second scenario.
Greetings and thanks for your time
Note
Correct scale
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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.