Implications and Outlook
1. Ever since Ethereum fell to the $546 Coin Dip level on May 24, the bulls are attempting a rebound from this completion to Mean Resistance of $680.
2. However, if the bears prevent this from happening by initiating the break below the Mean Support of $570, a decline to Mean Support $500 will be in the cards.
3. The violation of the intermediate-term Mean Support of $500 will undoubtedly bring serious of the severe intermediate-term bearish implications, having additional downside target to Key Support of $370.
4. Current bullish/bearish bias is 60/40
5. About sliding crypto markets and opportunity to increase our portfolio holdings, please see: www.tradingsig.com/c...ers-opportunity.html
1. Ever since Ethereum fell to the $546 Coin Dip level on May 24, the bulls are attempting a rebound from this completion to Mean Resistance of $680.
2. However, if the bears prevent this from happening by initiating the break below the Mean Support of $570, a decline to Mean Support $500 will be in the cards.
3. The violation of the intermediate-term Mean Support of $500 will undoubtedly bring serious of the severe intermediate-term bearish implications, having additional downside target to Key Support of $370.
4. Current bullish/bearish bias is 60/40
5. About sliding crypto markets and opportunity to increase our portfolio holdings, please see: www.tradingsig.com/c...ers-opportunity.html