cepelinas

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

Short
BITFINEX:ETHUSD   Ethereum
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.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.