EC-Crypto

ETHUSD Analysis by Ec Crypto

BITFINEX:ETHUSD   Ethereum
ETH remains in a lateral movement after downtrend last days fluctuating between a resistance line of $540 and a support line of $518. If the candlestick breaks out the resistance line, we will take a LONG position to reach our 1st Target at $574 (10.12%) and maybe the price will reach our 2nd Target at $624 (19.76%). If the candlestick breaks out our support line, we will take a SHORT position and wait for the price to hit 1st Target at $490 (6%) or the price might as well hit 2nd Target at $457 (12.30%).
• EC Crypto Targets' probability:
LONG: 60%
SHORT: 40%

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