Technical analytics

Ethereum market technical outlook


Analysis method - “Gann Swings + Price Action”

August 14, 2018

Daily chart: Downward rally continues! Which support level is capable to stop this fall - is not clear so far. But downswing is very long already, therefore, any psychological level (200 dollars for a coin, for example) can trigger the growth.

H1: Local downward structure continues to form trending swing. We expect further decline of the quotes in direction of the 200.00 region.

Conclusions: Continuation of decline in direction 200.00.

Trading recommendations: Shorts towards 200.00.

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