Gobabacom

ETHUSD- A fast movement is expected

COINBASE:ETHUSD   Ethereum
ETHUSD is still under the influence (downwards) of the daily tailed bar occured on Monday at the middle bollinger band. We also see a bollinger band squeeze which generally indicates a fast move either up or down. Looking at the possible scenarios, if we see a break below 167 support, the long term support, 136, could be tested. On the other hand, a break above 255 resistance could take the price to 303 and 417 respectfully.

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