DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
Now, I know the title might actually sound funny. Ever heard a crypto canceling trip to the moon? Well, guess what, Ethereum might just be on the verge of cancelling it's trip to the moon but hopefully for a short time:)
Using my analysis, if you're keeping up with my analysis, some couple of days ago, I made an analysis on Ethereum and BCH, but today we're focusing on Ethereum.
The reason behind the taught of a possible bearish movement on ethereum is simply because of the breakout on the bottom or lower part of the symmetrical triangle formed in my last article or analysis. So, in my last analysis on ethereum, I mentioned about the possible chances of a bullish movement if there was to be a breakout on the top side, but unfortunately, it didn't happen that way.
If you're to look closely at the chart, you'll see the clear, break out in the symmetrical triangle. And not only did it break out, but it also had a retest on the lower trend line formed. But not to worry, there's a support zone nearby, hopefully it stops there.
The current price is about $3958.67 though there are possible chances of It dropping down to around $3635.93 .
Overall: A short bearish movement for some time.
https://read.cash/@InvestorOmar/update-bch-today-crypto-to-the-moon-fc174d06
https://read.cash/@InvestorOmar/update-free-bitcoin-cash-chart-analysis-bch-to-the-moon-3cbb7e90
Bch update coming up hopefully later in the day. Until Next Time, Peace.
