ETHEREUM - 7/14/2017 Price Update

in #ethereum • 7 years ago

Ethereum has failed to hold the $206 level as mentioned yesterday. The past 24 hours has now proven that this a source of resistance rather than support. The breakout above it two days ago was a failed one at that and has demonstrated that it is no longer support. The bear trend therefore continues.

Levels to watch the next 12-24 hours:

-$206: Resistance level. Could perhaps check this level again before moving down more.
-$193: Current Price
-$175: Major source of support. Last level battled over before the last big run up to $420.
-$165: Downwards channel bottom line
-$147: Potential support level. This was tested several times before the run up to $420.

gdax-ethusd-Jul-14-2017-10-42-12.pnggdax-ethusd-Jul-14-2017-10-39-16.png

gdax-ethusd-Jul-14-2017-10-39-44.png

#cryptocurrency #trading #charts
7 years ago in #ethereum by
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