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Bitcoinist 2020-06-04 12:00:20

Despite Recovery Rally, Ethereum Is Primed to Fall Towards $200: Top Analyst

After yesterday’s retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, analysts are already expecting more downside. One trader suggested that ETH is trading in a textbook broadening wedge formation that will invalidate by being broken to the downside, resulting in a correction to ~$200. “$ETH / USD H4 TF – Ethereum, we could potentially see a Broadening Formation pattern play out here,” the analyst commented in referenec to the cahrt seen below. […]

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