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DataPatron
Feb 19, 2019 10:20 PM

If bears will return, Ethereum will be facing 15 usd bottom 

Ethereum / DollarBitfinex

Description

Hi all. Current short term rally could retest heavy resistance at 200 usd at it's best. But I have just looked at possible bottom for second largest cryptocurrency. If market will not be able hold prior lows at 85 USD, there will be (almost) no support until 15 USD.

-DP-
Comments
TradingShot
Anything is of course possible but based on this we have made a pretty good support.

sushrest
support at 60 not 15 !!!!!!
DataPatron
@sushrest, supports at 60 and 40 are not very strong as there is only one point. you should have ate least several "touches" of that price level to call it real and strong support. ethereum parabolic growth in 2017 was pure nonsense it should go back the point where it all started and that is baseline - 15 usd. BUT price will not hold there for long time and will be immediately sold out!
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