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    Thread: Cryptocurrency Analysis

    1. 06-29-2021, 01:26 AM #11 Collapse post
      IFX_Selena
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      Big test ahead for Ethereum.

      Ethereum made a double bottom around the $1,700 price level. Trend remains bearish despite the short-term bounce. Price has important resistance just above current levels, around $2,300. Breaking above this level would be an important break out and will most probably push price towards $2,800.

      Name: b-a-280621.jpg Views: 9 Size: 127.7 KB

      Red line -resistance

      Blue lines - Fibonacci retracement.

      Price has most probably completed the downward move from beginning of June around $2,900. Ethereum is now bouncing higher towards the red resistance trend line. Most probable scenario is for price to reach the 50% retracement and get rejected at these levels.




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      Alexandros Yfantis
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