ETH UPDATE! BOUNCE FROM WHICH LEVEL??
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Welcome to this ETH update.
ETH is perfectly rejected from the yellow trendline and continuously going down from there.
ETH might bounce from $1250 level. Here's why?
1) Previous accumulation zone for ETH is $850-$1250 and after the break out we haven't seen a retest yet of $1250 level.
2) Strong support of 0.618 fib level.
3) 50D ma strong support also.
So, there is high chances that we see a good bounce in ETH from $1250 level. If it's unable to hold the $1250 level then we might see more low.
What do you guys think about this?
Share your views in the comment section.
If you like this idea then smash the like button.
Thank You!
Welcome to this ETH update.
ETH is perfectly rejected from the yellow trendline and continuously going down from there.
ETH might bounce from $1250 level. Here's why?
1) Previous accumulation zone for ETH is $850-$1250 and after the break out we haven't seen a retest yet of $1250 level.
2) Strong support of 0.618 fib level.
3) 50D ma strong support also.
So, there is high chances that we see a good bounce in ETH from $1250 level. If it's unable to hold the $1250 level then we might see more low.
What do you guys think about this?
Share your views in the comment section.
If you like this idea then smash the like button.
Thank You!
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