ETHUSD - Daily Candles - Downward Towards Linear Support Range
We saw an amazing crescendo with Ethereum and bearishness followed. Went up to $400 (green) and downtrended ever since (pink). The silverlining is in (cyan) - a linear uptrending support range. The lows have touched it twice.
Exponential explosions are ephemeral and unreliable. Linear growth is strong and dependable. Buying near this lower range (cyan) to go long is highly advisable.
Although price just bullishly burst out of the downtrending range (pink) and even closed above the range, I still think we're in a downtrend. It's a bit unclear.
Ethereum is extremely volatile - we're in a $140 to $250 range right now. As of 1pm on 7/19/2017, we're sitting at $220.
Please let me know your thoughts, critiques, suggestions, etc. Interested in hearing what you have to say.
Exponential explosions are ephemeral and unreliable. Linear growth is strong and dependable. Buying near this lower range (cyan) to go long is highly advisable.
Although price just bullishly burst out of the downtrending range (pink) and even closed above the range, I still think we're in a downtrend. It's a bit unclear.
Ethereum is extremely volatile - we're in a $140 to $250 range right now. As of 1pm on 7/19/2017, we're sitting at $220.
Please let me know your thoughts, critiques, suggestions, etc. Interested in hearing what you have to say.
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