ETH - July 27 - NEUTRAL - Short Term
Updated
Ignoring the fact that there were rumors that confirmed Amazon accepting Bitcoin this year, and later other coins (speculation that Amazon declared to be false later) we are still on an uptrend.
We can see that a recovery is going on now, and if we enter again in the channel, we can expect to touch $2400 in a few days.
Another thing we can see is that the resistance (red line) now acts as support, and the break of this level would mean we are again on a bearish market.
We can see that a recovery is going on now, and if we enter again in the channel, we can expect to touch $2400 in a few days.
Another thing we can see is that the resistance (red line) now acts as support, and the break of this level would mean we are again on a bearish market.
Note
Just touched the parallel channelNote
$2325 Would mean that the channel is still valid and it will retest $2400 soonNote
Got rejected by the channel
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