For almost two weeks now, Ethereum is consolidating its gains in a rectangle .
Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break.
However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also. In this bearish scenario, with a break under 1700 zone support, traders should look for selling opportunities with a target at 1500 zone support
Ethereum- Break of rectangle for direction for BITSTAMP:ETHUSD by Mihai_Iacob
For almost two weeks now, Ethereum is consolidating its gains in a rectangle . Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break. However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also.…
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