The ethereum is in an area of accumulation promoted by the level of 50% of fibonacci, with the breach of the accumulation base the ethereum will seek the level of 61% of Fibonacci.
We are at the beginning of the second stage of correction. We have a smaller top than the previous one and a very aggressive sales volume. Possibly the market will seek the level of 61.8%.
WE OBSERVE A STRONG PSYCHOLOGICAL RESISTANCE OF THE MARKET. AREA WHERE TOPS, FUNDS AND PREVIOUS ACCUMULATIONS WERE FORMED.
MANCHESTER UNITED IS LOCATED IN A AREA OF WAR. PSYCHOLOGICAL RESISTANCE OF PRICES. AFTER THE TITLE OF THE EUROPEAN LEAGUE, THE CHAMPION FINDS THE END OF THE EUFORIA OF THE PRICES IN THE RESISTANCE MENTIONED. THIS AREA IS LIVED BY ANCIENT ACCUMULATIONS, TOPS AND FUNDS. SO CREATING A STRONG OBSTACLE FOR THE PRICE. SELLING DEFENSE APPEARS DOES NOT WANT TO ALLOW...
AFTER A DAILY ACCUMULATION, WE SEE THAT THE PRICE WAS ENOUGH TO ENFORCE BREAKING THE ACCUMULATION AND FOLLOWING IT.
We have a downward movement going on, after the rupture of accumulation.The previous candlestick showed great strength. We believe the selling force will bring down prices.