EthereumShort
01-AUG-2022 - Ethereum - Quo Vadis?
#Ethereum is in very strange place now.
Is it #bull #trap now, or bullish trend?
There is:
* price level $1729 (red horizontal line), which was price support level at dumps in 2021 and in May-2022
* downtrend line since Apr-2022 (red line), which leaded the price in downtrend so far
* Fibo price level 0.236 at price $1821 (range between ATH in 11-2021 and bottom 06-2022)
Will this push the price down?
If price crosses all above mentioned levels ... would #bessa be over?
Similar #bulltrap in 2018 gave +130% since bottom.
We had now +100% since bottom in June 2022.
Is it #bull #trap now, or bullish trend?
There is:
* price level $1729 (red horizontal line), which was price support level at dumps in 2021 and in May-2022
* downtrend line since Apr-2022 (red line), which leaded the price in downtrend so far
* Fibo price level 0.236 at price $1821 (range between ATH in 11-2021 and bottom 06-2022)
Will this push the price down?
If price crosses all above mentioned levels ... would #bessa be over?
Similar #bulltrap in 2018 gave +130% since bottom.
We had now +100% since bottom in June 2022.
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