halleys5

ETH oscillating channel

BITFINEX:ETHUSD   Ethereum
The yellow lines of support/resistance go back to December and February where they seemed to be quite real.
Let's see if that holds true for this descent.

Presumably the next breakout will be down. Maybe ETH will test the top of the channel before it does. How hard it gets rejected may indicate how far/fast downward it will go.
Then again, maybe the moon is going to crash into Mars and we will all have a wild surf party on the shores of Greenland. I dunno...
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