Written by Denis HarrisoncontributorReviewed by Cyril Gilsonformer editorEthereum (ETH) Price Trends: 4/28/2016
MarketsPublishedApr 28, 2016
The structure of Ethereum’s upward trend is disrupted. Which direction wil Ethereum choose?
The structure of Ethereum’s upward trend is disrupted. Which direction wil Ethereum choose?
Will the downward trend continue?
An upward rebound off the long-term resistance line took place. Thus, Ethereum’s price has a chance to continue its downward trend.
But for that, it needs to break through the bottom limit of the flat: a rebound off it can very well happen instead.
For an upward trend to form, Ethereum’s price will have to fortify at the top limint of the flat, which is at $7.8.
The future direction will depend on how will the traders behave at the flat’s limits. A fortification and a turn at either of the boundaries will indicated that the advantage lies either with the bulls or the bears.
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