Hello, The ETH the uptrend from 19/4 low to 16/7 low, its now try to test the broken trend and the previous resistance about 390 level.
In my opinion the price will go deeper to 305 level, the 78% Fibonacci level (Monthly Fibonacci) which meets the center line of the descending channel, monthly support level and the oldest uptrend from 10/3 low to 19/4 low, which will be the perfect level to bounce.
In my opinion the price will go deeper to 305 level, the 78% Fibonacci level (Monthly Fibonacci) which meets the center line of the descending channel, monthly support level and the oldest uptrend from 10/3 low to 19/4 low, which will be the perfect level to bounce.
Note
The volume still not enough, the price can't close over the broken trend and rebounded from the 25 MA.Let's go to 350 level
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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.