KFedTrading

ETH / USD Consolidating and Big Move Coming

BTCE:ETHUSD   None
Seems ETH has been consolidating between 200 and 225 range for quit some time now. Also could be potential flagpole and pennant formed. We should see a serious price movement in the next few days. Up or down is anyone guess. Ive been locked in and im going longer and I still remain bullish as eth has broke out of the downward bearish trend we have been in for the past month. I drew two dotted lines the light blue being the major support line of about 205 and the light pink line being the resistance range of id say 225-230. If there is a clear break out above this we can go to the 275/280 range which id say is the next level of resistance. If we break out down we may retest previous supports at 200 and 180-185 area. Happy and safe trading! KST wave also shows that ETH has been consolidating and a huge move is likely in the coming days.
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