A downward channel started on August 8, 2019. All the traffic has been in this part of the channel till today:
The trend line is broken since December 2018, and it already was two attempts to return to the channel.
Currently, the asset is in a lateral movement between two levels:185$ — 165$
Let’s have a look at two scenarios:
1. The level breakdown: 185$
- Entering the Long Position: 186$
- Goal: 190–200$
- Stop: 184$
2. The level breakdown: 165$
- Entering the Short Position: 164$
- Goal: 150$ — 140$
- Stop: 166$
Analyzing the information on ETH, you can see positive news. Recently there was information about the launch of the “Istanbul” network test, which will be held on October 2, 2019. Initially, the network was supposed to be ready by the 4th of September, but the launch is delayed for one month.
Original Post: https://ru.tradingview.com/chart/XRPUSD/5Q7KvGW7-xrp-usd-poisk-urovnya-podderzhki/
Previous Analytical Digest:
Will ETH Break Down The Trend Line? was originally published in exmo-official on Medium, where people are continuing the conversation by highlighting and responding to this story.