ALTCOINS REBOUNDING AT THEIR BEST POSITIONS!
#ETHW INCREASES AT 33.37% AFTER REBOUNDING FROM ITS NESTR ZONE: HERE'S HOW WE'VE IDENTIFIED IT!
ETHW is currently increasing and we have expected this from its NESTR zone where many have been waiting for a proper rebound. Without taking an immediate action, ETHW went to explode closely to its retest zone at 2.244 last August 25. We have seen this retest to be retouched once again by ETHW but as the weekend is approaching. There is a tendency for the price to be corrected from here before moving above the retest key level. In the event the market sentiment stays bullish, we can expect the price to continue staying on top of this. As we continue to review the current market price. We have noticed the previous 3 weeks high has already been touched and it could potentially get rejected from here as per technical analysis. Therefore, it would be wise to continue waiting for the next price action ETHW will take.
#GAS REBOUNDS 31.45% AFTER RANGING AT ITS SUPPORT NOW IT'S AT ITS RESISTANCE: WHAT'S NEXT?
As the stillness of the market structure of GAS has been composed at the 3.106-3.298 key levels. The rebound became immense at these support zones with a rebound percent of 31.45%. Many are expecting a ranging market to continue at 3.138-4.122 although a different scenario may occur causing the price to find another high on top of these resistances. Once the market remains bullish over the course of this month, we can continue to expect higher prices. Albeit, it's safer to assume that a healthy correction may happen from here. Best approach would be to patiently wait for any possible confirmations that may occur for any scenario that we're thinking right now.
Stay wise, trade cautiously.
