Seems ETH has been consolidating between 200 and 225 range for quit some time now. Also could be potential flagpole and pennant formed. We should see a serious price movement in the next few days. Up or down is anyone guess. Ive been locked in and im going longer and I still remain bullish as eth has broke out of the downward bearish trend we have been in for the past month. I drew two dotted lines the light blue being the major support line of about 205 and the light pink line being the resistance range of id say 225-230. If there is a clear break out above this we can go to the 275/280 range which id say is the next level of resistance. If we break out down we may retest previous supports at 200 and 180-185 area. Happy and safe trading! KST wave also shows that ETH has been consolidating and a huge move is likely in the coming days.
On 7/21 we hit a dip down to about 205. Im not sure if i would buy in right yet if i wasnt already in. Im going much logner with my Eth. Its not a bad entry point i cant see it going much lower maybe low 180s worst case. Hoping it rebounds back up to 215-220 in the next day or so. BTC-E still down for unexpected maintenance....freaking me out now.
fitzpa59
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Any updates? ETHUSD is at your 206 line, is it likely to break through?
Crypteaux
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@fitzpa59, ETH fell through the 100 day MA at the 1hr, 2hr, and 4hr candlesticks. It is currently sitting directly on top of the 100 day MA at the 1 day interval. My guess is that it is gaining momentum to the downside as it clearly broke through 3 100 day MA's like butter, will probably break through this last MA at the 1 day interval also. We still have no volume to indicate any kind of reverse back up, if anything the volume is increasingly sell volume...that's my 2 cents!!