If ETH is going to bounce, this is the place.
If this support fails, will look for next one.
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I hope this plays out.
Keep waiting for Ether to take the lead, now that LTC has exhausted that position.....
If you overlay eth/btc and eth/usd you ll see they do correlate to the letter.
I think you've anticipated direction nicely, it's just the matter of time when they are going to pop out.
You are welcome, i always upvote proper TA's.
Ltc is spent, went 350% from very bottom (22$/LTC).
ETH LL was 88$ (with that math) would lead us to conclusion for much higher price of ETH (as stated in TA), but gradually.
Good one once again.