#1 Crypto Daily ETH/USD Support By Yearly PP Feb 6 2018

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
At the moment a long wick candle is being formed piercing
the Yearly pivot point at 600 level which is also a previous
support level . A daily close above the Monthly S1/S/R level
at 760 will expose the next resistance levels at 825 and
above that the Cloud around 900. Bulls would like to see
a return inside the Cloud to shift trend to neutral and wait
for the MACD to rise up.
Overall, price is in a bearish trend but has found support
by the Yearly pp . If it holds, the natural destination up is
the Yearly R1 at 1000. But with strong bearish momentum
it is likely to see more sell offs before that or even a return
back down and taking out of the current low. That would
expose the Monthly S2 at 385 and above that the 480 former
resistance level .
Are you of a more bearish view to a bullish one capt
CapMoore Chroniclez
@Chroniclez, Unless a daily close inside the Cloud I am more bearish. If a daily close today above 760 I am less bearish,
but it might not happen. Let's give it a couple days to see what this long wick candle means.
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