oh92
Long

ETH Daily Candle Breakdown

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
For those of you following my ideas recently know that I am very bullish on ETH. This is primarily based on my previously conducted Volume study. link below

That being said, Ethereum just closed a daily candle below a multi-week trendline . Just about 2 weeks after the VPSI showed complete buyer exhaustion on the daily at about $250.

These signs lead me me to believe that IF ETH fails to reclaim this trendline , a larger pullback may occur within the next couple days.

Overall I wish to remain bullish on ETH.
Therefore posted this as a Long, and have shown possible support levels on the chart above.

Be sure to check out my Ethereum Volume Analysis on why I think the bottom could be near & my Long Targets!

I hope you all found this idea interesting and maybe even a little helpful!
I wish you all the best of luck!







Comment: possible head and shoulders pattern forming on the lower TF's just below daily resistance line. lets see if the neckline holds
Comment: First Support level hit.
Les see how it holds
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