Hi,
Many asked me to review ETH, so here it is finally.
Since the sentiment is very poor and the volume is decreasing, the next lower Support Levels will most likely also be broken. I have shown them in the chart.
If ETH will break the higher level of downtrend and break out that will be a clear buy signal. But for now there is no signal for reversal in the current sentiment. ETH does already tested lower support and bounched.
I expect ETH will test lower support AGAIN and breaks down.
At the end of day all alts will follow the big dominator Bitcoin, if he'll make a run ETH will follow.
A support is actually psychological point of purchase or point of sale for traders.
If a support level is broken to a higher level, we can look at higher levels. This also applies to a downward trend, which we see now
BTW: the hashtags are for Twitter sync.
Thanks for your "support" by liking this idea
Hit follow to receive new ideas.
Many asked me to review ETH, so here it is finally.
Since the sentiment is very poor and the volume is decreasing, the next lower Support Levels will most likely also be broken. I have shown them in the chart.
If ETH will break the higher level of downtrend and break out that will be a clear buy signal. But for now there is no signal for reversal in the current sentiment. ETH does already tested lower support and bounched.
I expect ETH will test lower support AGAIN and breaks down.
At the end of day all alts will follow the big dominator Bitcoin, if he'll make a run ETH will follow.
A support is actually psychological point of purchase or point of sale for traders.
If a support level is broken to a higher level, we can look at higher levels. This also applies to a downward trend, which we see now
BTW: the hashtags are for Twitter sync.
Thanks for your "support" by liking this idea
Hit follow to receive new ideas.