Etherum
Well I was very bullish on ETH, and I was praying and hoping it would manage to get back into the pattern and find support. Unfortunelty it could not manage to hold and Mabey people shorting have pushed the price down. As for support levels, we are in an overall rising wedge, and out main support of the bottom of the wedge is 468$. The weekly 20 EMA, is at 422$. If we continue to the downside, and we won’t go straight down, but our main support are between those areas. A breakdown of our rising wedge is a target of 274. I really feel that at the lowest, our weekly 20 EMA will hold. This could still take a few weeks to play out just be cautious until we break through the 585-590 level with volume..
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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.