Technical analytics

Ethereum market technical outlook

Cryptocurrencies

Analysis method - “Gann Swings + Price Action”

October 12, 2018


Daily chart:

Downswing continues in direction of the support level 163.39. Local support is 187.75.

H1-chart:

Local downward structure completed a short upward pullback, that tells about probable readiness of bears to attack in direction of the low 181.06.

Conclusions:

Decline towards 181.06.

Trading recommendations:

Shorts towards 181.06.


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