Possibly ETH will try to break its descending wedge, and test the resistance line of its current channel. Depending on the volume and momentum, it might break and begin its rally towards 1135 USD. If it fails again, it should test 470-ish area and its main trend support line. One way or another it will go up, don't listen the naysayers, ignore them and begin buying coins. Buy them for long term. If you are a daytrader, use tight stops, buy around here and sell if you won't see a strong price action when it hits to the upper line of its current channel. If you are an investor, start buying (within your acceptable parameters, of course dont invest everything you got!) from within the buy zone and wait for long term targets. Stop if the main trendline cannot hold (given we test it).
Buy their panic, sell their hope. Good luck!
Buy their panic, sell their hope. Good luck!
Comment:
Also notice the RSI bullish divergence and MACD bullish divergence. Stoch is also at the bottom. However, ETHBTC says it might keep going down a bit more, at least relatively to BTC.