elkuko21

ETH buying at low 400s high 300s

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Tried to load up near the previous low point (565s) but it got smashed. Now I am waiting for low 400s high 300s for a bounce. You can see a few lines converging to that area (support trend line ) and previous resistance area (which I expect becomes now a good support area ).
Mar 18
Comment: Meant to post Coinbase Chart not Bitfinex. Extremely high volume and a bounce from the 450 area just happened. I am expecting a move above 500 (540 to 565), before the next leg down which could be either a retest of 450 or a continuation to what I think could be the bottom (stated above). Volume will dictate whether we will see a new low (assuming an increasing volume) or a retest (low volume). Definitely keeping an eye on it as crypto moves quickly.
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