TiborVrbovsky

What Is Actually Going On With Ethereum? Critical Support.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hey, I am back with another chart/Idea.

This time looking at Ethereum             .

Ok, straight to the point. Last time 5.- 6. february we were fighting with support, luckily ETH bounced right off the 100MA that just made the support stronger. This time, we are looking at Ethereum             at critical support line.

Ok so what now?

GREEN.

Yeah, so today´s candle is really important. If, the candle lock the price, as is it now, (above 685) it will be very good, it would mean that we are holding on the support, then we will touch the top of downtrend channel back to support and we will smash trough the channel moving into upwards channel!

And what If not?


Well, there 2 another possibilities.

BLUE.

First is we will fall and hold for a while on 200 MA and bounce back to previous support, even to higher ressitance point, the higher the fall, the bigger price movement upwards.

RED.

Another, and lets not even think about this, but yeah, its a option still. If we wont bounce from 200MA and close the candle under the Line, we will propably be downtrending..

I hope my analysis have helped you clear your mind about what is actually going on with Ethereum             .

If you find my analysis usefull, let me know in comments bellow or leave a like.

Thanks!

Comment: Looks good!
Comment: confirmed.
Good read with this good chart. Thanks!
Ethereum is one of the great projects of blockchain.
Reply
TiborVrbovsky farmingfreedom
@farmingfreedom, Yeah, the mother of tokens.
+1 Reply
when will ethereum stop falling in price?
Reply
@Uboakp, It already had.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out