ETH Support/Resistance

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
ETH chart continues to look strong. Updating form my previous wedge post, wedge broke so we need to look again. I love the consoliation at the .236 fib level $1200ish range. Longs do not want this to move TOO far TOO fast, this is healthy consolidation before next leg up. Dips have been quick in the recent runup. ETH is the current hot ticket - believe it will remain that way for 2018.

Chart is a bit messy with trend lines/fib lines but it does provide some very solid fib/trend line meeting points for strong support.

First support = .236 fib at $1209
Second support = .382 fib at $1105
Third Support = .5 fib at $1021

Have your limit buys set because if/when there is a dip to $1021 I do not think it will last long!

Major resistance = $1328
I pulled my profits out and reinvested my investment at 1200. hope it doesn't bite back.
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