I believe that ETHUSD will either have a correction back within the trendlines established since Summer 2017 or stagnate until it's within those trendlines. Stagnation would require ETHUSD to trade flatish for 3 months. Therefore, that is the least likely outcome.
We saw this happen with LTCUSD last month (attached idea).
Possible test of resistance-turned-support at $806.
We saw this happen with LTCUSD last month (attached idea).
Possible test of resistance-turned-support at $806.
Note
Bounced off the $806 line very nicelyTrade closed manually
Missed my target by one day
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Related publications
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.