Etherium has started to drop perfectly after breaking our ascending support line as forecasted. Our 1st major resistance is at 910.21 (Fibonacci retracement, horizontal overlap resistance) and a further drop could occur to push price all the way down to 781 support (Fibonacci retracement, horizontal swing low support).
RSI (55) has broken below our 46% support-turned-resistance line signaling that we’re starting to see a bearish move.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results