kriptomaster

ETH ... New Bullish uptrend ?! Yes, maybe ...

BINANCE:ETHUSDT   Ethereum / TetherUS
SO, Ethereum have almost broken his principal downtrend (colored with blue ) Now ETH have built a new uptrend which is colored with red and in this moment he is testing it ... In the same time we have strong resistance in 0.61 (fibonacci) which is almost the same point that we have touched in the blue downtrend ... YES, ETH is in a critical point now ... If we broke the uptrend and go with the downtrend again, we can see ETH in previous points like 216$, 198$ and 166$ ... BUT, if ETH broke the downtrend and remain respecting the new uptrend (red one), then ETH will be BULLISH ! And we will touch new points like 270$ again ... And if we broke the yellow downtrend ETH will be EXTREMELY BULLISH and will touch good price points like 460$ and 650$ ... But I don't think that we will touch the previous ATH of 1400$ in the near future (before 2019) and this related with the appearing of new altcoins that gives the same services that ETH gives and better ...
All this is strongly related to the price of the father of Crypto market, BTC ...

Let's wait and see ...

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