Considering this scenario, bounce off support to form a right shoulder, then down all the way to support line between 0.05-0.06 before resuming long-term bullish momentum.
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A few more thoughts... middle support line (lower dotted line) is strong. might reach bottom around 0.06-7 but I think 0.05 is absoloute bottom. I am NOT selling any Ether which I previously bought under 0.05 for these reasons: 1. I still consider it a strong hedge against bitcoin and willing to stomach short-mid term movements. 2. ICO's... will always need some handy 3. Ether has a habit to throw a wrench at TA more so then others Good Luck!!!