Bull_Rider
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Joined Feb 4, 2017
analysis
bitcoin
chartpattern
crude
crypto
cryptocurrency
ethereum
momentum
oil
support
supportandresistance
trendanalysis
usd
wti
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Ethereum is currently trying to regain ground and did well at consolidating support at the $400 level. A sudden plunge back down to the $380-400 zone could spell an end to this emerging bull run. Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with...
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With no further cuts announced yet and Iraq increasing production by the end of this year, oil is squeezed in a narrow trendline which it could break once resistance levels are hit.
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