ETHEREUM - 7/20/2017 Price Update

in #ethereum • 7 years ago

Ethereum has broken out of its downwards channel and has successfully retested $206 and the top of the downwards channel trend line at $195. All else equal, this seems to confirm the breakout. I'm looking for it to break above yesterday's highs and reach and test $253. That will be a good indicator that the ship has turned and that we are beginning a new bull run!

-$253: Overhead resistance. Next level to watch a fight over. This definitely could go in the bulls' "win" column.
-$235: Current Price
-$232: Overhead resistance/Potential support
-$206: Support
-$191: Top of downwards channel line. Looks like this has been successfully tested and confirmed as support.

gdax-ethusd-Jul-20-2017-10-46-50.png

gdax-ethusd-Jul-20-2017-10-47-14.png

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