ETH-USD, rising channel, continued downward movement
ETH, 4h
Let's analyze eth on the Bitfinex exchange, here the chart is more clear.
The price goes within the rising channel (lows and highs are rising). According to wave marking, the price draws a correctional movement within the WXY model. Tonight, the price formed a double local peak without breaking the level of $ 186 and EM200 on 4 hours. Perhaps this is the end of the formation of the upward movement, or, if bitcoin allows it, the price will find resistance at around 190 dollars (an important level, + at this point is the middle of the big red weekly candle, a downward trend line is also in this area). In the case, consolidation above 195 dollars will signal us about the upward movement.
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Let's analyze eth on the Bitfinex exchange, here the chart is more clear.
The price goes within the rising channel (lows and highs are rising). According to wave marking, the price draws a correctional movement within the WXY model. Tonight, the price formed a double local peak without breaking the level of $ 186 and EM200 on 4 hours. Perhaps this is the end of the formation of the upward movement, or, if bitcoin allows it, the price will find resistance at around 190 dollars (an important level, + at this point is the middle of the big red weekly candle, a downward trend line is also in this area). In the case, consolidation above 195 dollars will signal us about the upward movement.
Join our telegram channel to get the latest updates t.me/joinchat/AAAAAEsJVT3_OqJpHFmv3w
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