👈 Explain what can happen in the coming days, after the great correction of the currency of the etherium and break many levels of resistance, so that the price was committed by a downward channel started from $ 1250 down to $ 750, the change was almost 54%, and as the market began to rebound and the rise of bitquin affected Positive on other digital currencies.
In the daily time frame we see a strong resistance between $ 500 and $ 600 where the price has touched several times previously and rebounded upwards.
Technical indicators show us that the price rebound as the RSI shows us a bounce back from 35 pips with confirmation of the best buying area below 30 pips, and the MACD indicator helps us to clarify the vision and started to rise slowly and continuously.
We have to wait for the breach of the descending channel to confirm the price move up to the next levels, and wait for the new price between $ 930 and $ 990, and if prices continue to fall we will reach new support levels between $ 450 and $ 390.
@oroujda