#ETH
Such a trade last time ended up rising to the level of Fib 0.236 relative to the last wave of decline. The market can repeat own fractals and from the current levels we can see a similar movement. Level 250 showed good support, but if the asset drops it at the next decline, then it is expected to cancel the possibility of opening long positions and is preparing to continue to follow a downtrend. At the same time (in the medium and long term), the price from further global growth is kept by a dense resistance of 350-375, overcoming this range one can count on further upward movement. On a smaller scale, based on a positive scenario for this market, one can note immediate targets in the form of resistances of 288 and 300, but it should be noted that we are facing an important resistance of the downtrend, not breaking through which can direct the price down to the last lows. The possibility of growth (in the short term) is due to the finding of the price in the triangle template, at the moment we are at its lower edge (which is a good support) and can bounce back to the resistance of the upper edge.
Such a trade last time ended up rising to the level of Fib 0.236 relative to the last wave of decline. The market can repeat own fractals and from the current levels we can see a similar movement. Level 250 showed good support, but if the asset drops it at the next decline, then it is expected to cancel the possibility of opening long positions and is preparing to continue to follow a downtrend. At the same time (in the medium and long term), the price from further global growth is kept by a dense resistance of 350-375, overcoming this range one can count on further upward movement. On a smaller scale, based on a positive scenario for this market, one can note immediate targets in the form of resistances of 288 and 300, but it should be noted that we are facing an important resistance of the downtrend, not breaking through which can direct the price down to the last lows. The possibility of growth (in the short term) is due to the finding of the price in the triangle template, at the moment we are at its lower edge (which is a good support) and can bounce back to the resistance of the upper edge.
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