Bounce in ETH/USD ETHUSD in progress -- watch the resistance zone as it could turn down for one more low

in #cryptocurrency • 6 years ago (edited)

About 14 hours ago, I wrote that a bounce in ETH/USD is expected.
https://steemit.com/cryptocurrency/@phisight/a-bounce-in-eth-usd-coming-is-the-correction-over-is-the-question

And a bounce we did get!

What next?

Its too early to be confident that the correction is over -- watch the resistance zone as noted in the chart below. Failure to breakout of this zone to the upside means one more trip lower is possible, ideally towards 550.

ETHUSD - Primary Analysis - May-13 1231 PM (1 hour).png

Here is the chart from the last post for comparison:
ETHUSD - Primary Analysis - May-12 2226 PM (2 hour).png

Have a wonderful Sunday!

Thank you!.png

#ethereum #bitcoin #altcoin #ethusd
6 years ago in #cryptocurrency by
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     6 years ago (edited)

    Another good call
    Can you please post XVG and XRP counts when possible

    Coin Marketplace

    STEEM 0.16
    TRX 0.15
    JST 0.028
    BTC 55758.52
    ETH 2348.78
    USDT 1.00
    SBD 2.31