ETHUSD price analysis
Updated
Ethusd is in correction fase and is at present at its its support (280 zone). Too much ico's are selling their eth. Despite the ongoing BTC dead cat bounce (might be up to the vecinity of 7500) ethereum is one of the worst berforming coins due to the selling pressure. My primary scenario is continuation of a downtrend (red arrow) to the next support level of 200usd. however, we may still see a bounce up to 320 (MA30 on daily) if we break the 300 resistance. We might see a further movement from 320 to 370 (MA100 on daily) but I consider this scenario as the least possible.
The situation is kinda the same for ethbtc. we are at present in the support zone (0.04 ethbtc) the breaking of which will lead us to the level of 0.025.
We also might see a bounce to 0.043. If that happens I will add to my short there.
The situation is kinda the same for ethbtc. we are at present in the support zone (0.04 ethbtc) the breaking of which will lead us to the level of 0.025.
We also might see a bounce to 0.043. If that happens I will add to my short there.
Note
so far goes pretty good) especially my ethbtc shortNote
target reached though I don't wonna close my short)next target is 140-130
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