As can be seen from the graph ETHUSD were in quite flat, especially for crypto, price dynamics. It was consolidation near maximum level. Mosty it's high growth pattern. Now ETH is going by triangle pattern. And there is 2 possible scenario: breaking the support of triangle line and confirmation of downtrend by RSI and MACD. And senario with higher probablitiy about breaking the resistance line and go to the 390 resistance level.
Why i guess, that go up is more possible?
FIrst reason: money is going from bitcoin. People sold it after fork canceling. Money goes to altcoins
Second reason: incoming ETH fork in january. POS algorythm an private blockchain.
I guess, we will see big movement soon.
First take profit target: 390 usd.
So, what you think? Write under this idea you opinion
Thank you
Why i guess, that go up is more possible?
FIrst reason: money is going from bitcoin. People sold it after fork canceling. Money goes to altcoins
Second reason: incoming ETH fork in january. POS algorythm an private blockchain.
I guess, we will see big movement soon.
First take profit target: 390 usd.
So, what you think? Write under this idea you opinion
Thank you
Comment:
Break the resistance line