Let me remind you to turn your attention to the strength of the resistance line. It dates from June 2018. Today this line plays an important role in our idea.💪🏼
As we can see, the price bounced off the level and started moving down. I expect the price to bounce off the intersection of the two support lines and move up from the keel resistance line. On the way, the price will also break through the level (408.56)📈
Agree! especially with btc bearish move it seems ETH is strong at the current points. 380~385
Thanks
InkyGrip
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Interesting view 🦐
Solldy
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@plancton0618, Thank U so Much!
TradingAlchemist
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want to see how the price bounces off the support. or will it be able to fake it?
Solldy
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@TradingAlchemist, You may already notice that the price has pushed off📈
DeGRAM
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Great lines. Everything is visible and logical
Future plans?
Solldy
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@DeGRAM, I think the price will be able to break the line! Do U agree?
alister97
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Compare to BTC rally to 14k , ETH is below it's actual price right now and this is a good buy signal in my opinion. I think 420 resistance line is what should we worry about I'm waiting for a break :) Thank for sharing
Solldy
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@alister97, Do you think at level 420 what will happen to the price?
Thanks!
alister97
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@Solldy in 22 oct this price worked as a resistance, because if we check the chart this line also happened to be a support several times back in 2018 and 2017, but from fundamental perspective and recent hopeful news about cryptos which will continue, i think price actually can break it and we won't see massive downsides and resistance ( just yet ) .
Thanks