cepelinas

Ethereum rejected support levels and its on its way down to 53 $

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hi guys,
And welcome to my chart.
We can clearly see a major resistance rejection at 168$ levels, please see arrows in blue.
We can also see a massive falling wedge breaking out which is a technical buy signal. Personally i believe its a fakeout due to the all the Constantinoplis fork hype and the bear market is still in progress. My insides telling me we heading for a last shakeout of all the moon boys screaming the bull market kicked in, test the 53$ previous support levels and shoot straight back up.


Comments

Nice charts mate, clean and simple.
+1 Reply
Great analysis, i Agree with you
+1 Reply
Agreed, I see this also. I do however expect some upside before the final drop.
Reply
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