- Correction support level: US$560 range
- Primary support level: US$760 range
- Secondary support level: US$860 range
- Trending 14-day high: approx. US$1,060 range
- Key trend indicator to keep an eye on for the next 3 days: Will ETH stay above US$760?
- Primary support level: US$760 range
- Secondary support level: US$860 range
- Trending 14-day high: approx. US$1,060 range
- Key trend indicator to keep an eye on for the next 3 days: Will ETH stay above US$760?
Giao dịch được đóng thủ công:
The predicted trajectory was not wrong but it was incorrectly condensed. The main factor not included in the analysis: If the previous downturn shed inexperienced traders, the momentum going forward will in turn shed some volatility.
- Key trend indicator to keep an eye on for the next 3 days: If the price climbs to and establishes a support level above $870, this is the first real sign (but not yet confirmation) of a market recovery. I expect a >50% chance of this happening.
- The main disruptor to this pattern would be one or more bearish headline such as a government ban, a major exchange shutdown/hack or a major coin scandal.