justatrader

ETH as resistance - Will it break or correct?

BITFINEX:ETHUSD   Ethereum
That is the question to ask. With the hard fork due late in September, ETH could possibly move back into the range. Will be looking to buy the dip to 258 - 260(if it can make this big a correction). Need to be careful if ETH breaks the resistance that could potentially be a fakeout.

Either ways, September should be interesting for ETH no matter what. A dip to 258 could possibly mark a cup and handle pattern as well. Keep an eye on ETH this September.
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