Possible new lower support zone for ETH.
The $770 support held strong, however we need BTC to close above $1250 on the daily to continue our up trend. If BTC doesn't manage, the whole crypto market probably goes down another legg. Expect a STRONG bounce from the final support box IF we even manage to get there. ETH might also form a double bottom at the $750 range so watch closely on a smaller time frame. Best of luck to all!
Possible scenario's: We break bearish momentum and continue upward to $1250 - $1400
We can't break those levels and BTC fails also, we go down.
Downward levels to watch are visualised with blue boxes below the previous one. Best of luck to all!
Possible scenario's: We break bearish momentum and continue upward to $1250 - $1400
We can't break those levels and BTC fails also, we go down.
Downward levels to watch are visualised with blue boxes below the previous one. Best of luck to all!
Yorum:
Hit the upper line of our lower support, let's see if this holds.