TheChartGuys

ETH Continues to lead in weakness

COINBASE:ETHUSD   Ethereum / U.S. Dollar
We have now seen 7 days in a row with lower highs for ETH.
We are heading down to the lowest price on this drop which has already dropped to a lower low on the daily where LTC and BTC have not.
If we break to lower lows there are not many support levels left before the weekly support in the $300s.
Very clear steady trend for the bears that will have to be broken with lots of momentum and volume .
Hard to anticipate any kind of significant move to break this momentum without news.
Looking for clear breaks in the other names that are still in tightening ranges within the next 24 hours.

Comments

This is excellent reporting. I am an ETH day trader and the price seems stuck between several support and resistance price ranges, specifically 465/445 to 425/410.. with most of the bouncing and bobbing between 425 and 445. I have not done any small trades in those zones, but I could have made some quick cash had I bothered.

As a lot of people spam rooms with their charts to recruit followers, which I am guilty of time to time, this TIME.. I adding an educational link for NEW MEMBERS to learn how to better use the charts and information of GOOD TA.. like the good TA that is presented in THIS channel. If you are new, give it a read and see if it helps you.



Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out