Technical analytics

Ethereum market technical outlook

Cryptocurrencies

Analysis method - “Gann Swings + Price Action” June 22, 2018

Daily chart: Previous day was closed with maximum effect for bears - false upward break of the inside bar. Today this short-signal is in active work off already and there are perspectives for further quotes’ decline towards the area of the last low (445.75).

H1: Downward local structure is in the stage of probable correction start. But we can’t consider any long options against such trend. Optimal zone for new sell trades is 507.24.

Conclusions: Continuation of decline in direction of the 445.75 region. Prior pullback towards 507.24 handle is possible.

Trading recommendations: Shorts from area 507.24 in direction 445.75 (extraday).

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