ETHUSD Pullback Into Trendlines
Updated
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.
Comment
Bounced off the $806 line very nicelyTrade closed manually
Missed my target by one day
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