scottdeng
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Joined Dec 17, 2015
beyondta
chartpattern
eth
trendanalysis
waveanalysis
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An head-and-shoulder pattern is forming at the record high. VPVR shows strong support at 1520, but 1500 psychological line might be retested.
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It seems like the price of ETH is on a retracement. We can expect it to drop below 1500 probably later today, and it is an excellent chance to buy this dip and wait for the price to bounce back. Possibly see a rejection around 1500 again but the bullish trend is quite strong, and 1500 will be broken again today.
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