


ZbojnikPoeta
Pink lines are major support and resistance. We are in major downtrend and we will continue plummeting down until we will hit major support at 680$. Then lets watch for break down or bounce. Set your alarms and watch.
You are currently looking at daily chart. Purple lines are long term trend, yellow lines are medium term trend. Clearly, we can see that we are touching yellow support. My humble prediction is that we will bounce from yellow support to yellow resistance and then slowly ride down with yellow resistance until we touch and bounce of of purple support and break above...
Don't get discouraged by so many lines in the chart. Just watch formed triangles. Each one is possible point of breakout. MACD shows we will probably go close to top triangle (red and orange lines), but then go back to green. And my humble guess is we will be riding green support line until next breakout point.
Falling wedge is forming and it will soon touch support line. Watch it and be ready possibly to place orders.
Lets watch it closely...
Hey fellow traders, Have a look at my analysis of ETCETH where you can see forming rising wedge, which is usually bearish pattern. Nevertheless IT IS still forming, so we can expect it to go up for quite some time. Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher...
Expecting BINANCE:ETHUSDT to slowly fall down to support level, then raise again back to resistance level. This will continue until one of the levels will ne broken. If you are daytrader, you can use this in your advantage and gain some extra cash from it. RSI and MACD so far confirming this move.