ale111
Long

"ETH-USD" Perfect bounce!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Eth bounced from the white trend line (support) and broke the bearish channel (blue line).
Now is running on the 2x1 Gann's line.
In my opinion, next target could be the red rectangle: 820-1050 usd area, but first of all Eth has to break the white circle. In this area (750-800 usd) we have some crosses: 1y log trendline (support became resistance--> red dashed line) + 0.382 fibonacci level + 1x1 and 2x1 Gann's line.
So, eth to continue his uptrend needs to break the white circle (750 usd). After this, the next target will be 820, then 1050 usd.
your chart needs more lines
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ale111 Nascor
@Nascor, http://1.bp.blogspot.com/_nCGeLjSnkow/SWHQPOet8_I/AAAAAAAAAKQ/J_X98fARZx4/w1200-h630-p-k-no-nu/sq9.gif study Gann and the square of 9.... You will discover an amazing world of lines and squares :)
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I like your chart,I couldn't agree with you more.
Follow me.
We can do more discussion,
and you can refer to my publish.
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ale111 Ronnie_Dong
@Ronnie_Dong, Thank you Sir :)
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