ETHEREUM ANALYSIS AND FORECAST (WED, SEPT 5TH, 2018): $300 THRESHOLD AHEAD

Anh Nguyen
Sep 5, 2018 · 2 min read

Ethereum is witnessing a convergence within a convergence

Ethereum has been diving in the one-year low for three weeks and has stuck in an area which may be called “a convergence within a convergence” — marked with the blue triangle on D1 timeframe.

Ethereum (ETHUSD) D1 chart on September 5th, 2018

Since the beginning of this month, Ethereum has moved in a slightly downward channel. Today, this cryptocurrency is about to test the support line at $280, and it will keep going sideways nearby this area for a short period of time. As for the rest of this week, an increase to the level of $300 is expected to happen.

Ethereum (ETHUSD) H4 chart on September 5th, 2018

Written by nami.today

nami.today

blockchain and cryptocurrencies in a nutshell

Anh Nguyen

Written by

nami.today

blockchain and cryptocurrencies in a nutshell

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