ETH/USD - Trading Opportunity
Updated
Price is beginning to roll over EXACTLY AS PREDICTED :-), technicals support at least a corrective move to the downside before some upside. Although my arrow does indeed go very low, this is just the worst case scenario though and doesn't mean it has to go this low. Price nicely hit the side-wards resistance line with the wick I mentioned in my previous analysis (See related ideas link below for more information regarding this) and then price weakened up at the converging moving average resistance afterward suggesting the bears want to drop price a bit.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-)
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
Note
Remember guys that the low I've outlined is the lowest possible level it can do. It does NOT mean it necessarily has to go that low.There is a structure support zone between 190 and 172 where price could bounce from (If it's not already bounced from where it is now) and go to the upside.
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your supports.
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