Weekly reviews

Ethereum market technical outlook

Cryptocurrencies

Weekly chart:

Ethereum remains in the middle of the lower Bollinger bands range (64-173). Such a wide channel isn’t good to seek the new trades. But we need to remember that all cryptomarket is trending downward, that allows to consider short-trades on smaller time-frames.

Expectations:

Main scenario: Continuation of flat around the area of 100 dollars for a coin.

Alternative scenario: Decline in direction of the 64 handle.

Trading recommendations:

Looking for probable short-signals on junior time-frames.