Technical analysis of the price of Tai F

2018-06-06 16:05:52source:Bit news199

Main points:


After ETH price reached US $712.43, the downward revision was initiated.


ETH/USDT's hourly chart shows that the two key bullish trend lines highlighted yesterday were $675 and $665 (figures from Kraken).


ETH's downlink support is good and may rebound to above $700.


ETH price support:


The price of ETH has soared recently, breaking through the $685 and the US $700 mark, forming a recent high of US $712.43. Then the price began to go down to less than $690, breaking the previous 23.6%Fib retracement of the previous upward wave, which rebounded from a 635 dollar low to a high of $712.


However, the downlink correction was supported by $675 in regional protection. The 38.2% retracement level of the previous upward wave (from a low of 635 dollars to a high of 712 dollars) has played a strong supporting role. What's more, ETH/USDT's hourly chart shows that the two key bullish trend lines highlighted yesterday are 675 and 665 US dollars. ETH is starting to rebound with $675, with a price of close to $700, which may soon break through the 700 dollar mark again and try to retest the $712 concussion, and possibly even reach a new high of $712.43 in the short term.


author:anonymous edit:anonymous

  • BTC/ BTC
  • $6,500.90
  • ETH/ ETH
  • $230.53
  • XRP/ XRP
  • $0.53
  • BCH/ BCH
  • $536.96
  • LTC/ LTC
  • $60.14

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