Ethereum Technical Analysis - August Forecast Is Bullish
Hi Traders,
I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is added to the market cap.
Accumulation Zone $165-$210
Sell #1 Zone - $389-$550
Sell #2 Zone $800-$1,000
Stop Zone - $155-$160
Good luck, hit thumbs up
I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is added to the market cap.
Accumulation Zone $165-$210
Sell #1 Zone - $389-$550
Sell #2 Zone $800-$1,000
Stop Zone - $155-$160
Good luck, hit thumbs up
