ETHEREUM 
ETHUSD
On month starting this cryptocurrency has briefly reached the 490$ per one ETH.
As the bitcoin tumbles ethereum has also giving back some of this yearly gain. And the price is currently trading below the July-2019 high which is previously acted as support for the bullish run.
In daily chart strong bearish engulfing pattern is underway. If the price close below the 364$ mark in daily timeframe. More sellers will get in to the action.
The next target will be around 300$ level which is the next major resistance zone. Stop lose may place above 400$ level. In Elliott wave analysis the 5th major wave is completed and the minor correction waves are forming and will update about the wave formation in coming days
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
ETHUSDOn month starting this cryptocurrency has briefly reached the 490$ per one ETH.
As the bitcoin tumbles ethereum has also giving back some of this yearly gain. And the price is currently trading below the July-2019 high which is previously acted as support for the bullish run.
In daily chart strong bearish engulfing pattern is underway. If the price close below the 364$ mark in daily timeframe. More sellers will get in to the action.
The next target will be around 300$ level which is the next major resistance zone. Stop lose may place above 400$ level. In Elliott wave analysis the 5th major wave is completed and the minor correction waves are forming and will update about the wave formation in coming days
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.