WILL ETH RETURN TO 300 AND LOWER?? STAY BEARISH FOR NOW
Updated
Ehi guys, this is Busywithcrypto team!
Today we're here with eth. We need to remember how every single alt is following the btc move, anyway is interesting to see what good entries we can catch with eth.
We can see how eth is following, like it did from januray to april a downtrend trend line (in black). in april it went up cause the market was a bit bullish and arrive to 800, from there it started another downtrend and it is currently at 400 region.
Eth has a big support at 380-360, but it will happen when we will come back here? I really think ETH WILL FOLLOW THE MARKET, so for now it will follow BTC, remember this important fact!
We are in a bearish downtrend and i think btc will return to 6000-5000K region and this is why i think eth will return to 300-280 zone and probably it will be a bit down but from this zone it will be important to make AVERAGE DOWN!! cryptos are really really manipulated and it is possible eth will reverse form this region and never touch it again, so i think we could see something like 200 region cause from 280 we have no real support but it can reverse in every single moment.
This is all, i know it isn't so much but at the moment we need to stay focused on btc and then when we will have some more informations from btc, we will make more precise alts analysis!
Have a good day guys, see you later! :)
Follow us:
twitter: twitter.com/BusyCrypto
instagram: busywithcrypto
Telegram: t.me/busywithcrypto
We're here to share our content for free, but if you want support us :)
ETH: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
BTC: 193KFu1CXmwTcZWusGNv2XCUYQMkZbGevp
DENT: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
LTC: LSYmoADYJYjp2TNQ4zrVScqm42qtM3z1he
Today we're here with eth. We need to remember how every single alt is following the btc move, anyway is interesting to see what good entries we can catch with eth.
We can see how eth is following, like it did from januray to april a downtrend trend line (in black). in april it went up cause the market was a bit bullish and arrive to 800, from there it started another downtrend and it is currently at 400 region.
Eth has a big support at 380-360, but it will happen when we will come back here? I really think ETH WILL FOLLOW THE MARKET, so for now it will follow BTC, remember this important fact!
We are in a bearish downtrend and i think btc will return to 6000-5000K region and this is why i think eth will return to 300-280 zone and probably it will be a bit down but from this zone it will be important to make AVERAGE DOWN!! cryptos are really really manipulated and it is possible eth will reverse form this region and never touch it again, so i think we could see something like 200 region cause from 280 we have no real support but it can reverse in every single moment.
This is all, i know it isn't so much but at the moment we need to stay focused on btc and then when we will have some more informations from btc, we will make more precise alts analysis!
Have a good day guys, see you later! :)
Follow us:
twitter: twitter.com/BusyCrypto
instagram: busywithcrypto
Telegram: t.me/busywithcrypto
We're here to share our content for free, but if you want support us :)
ETH: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
BTC: 193KFu1CXmwTcZWusGNv2XCUYQMkZbGevp
DENT: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea
LTC: LSYmoADYJYjp2TNQ4zrVScqm42qtM3z1he
Note
GUYS REMEMBER, from 400 usd you'll need to make average down, it can reverse in every moment cause eth was pushed down really hard and when it will comes up, it will go up as hard as it went down!
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