The current larger time frame trend on ETH is bullish. We had a healthy pull back and we've now formed a local bottom. ETH has broken the range of the last 10 days on the 4 HR chart and it is now possibly forming a support on the top of the channel. If there is an attempt at the recent all time high I believe that ETH will form a support around this area.
The major alternative outcome would be no bounce in the support area shown at which point we could likely be looking at a lower open for the next week. Being that with some exception ETH mostly follows BTC price action, similar conclusions could be drawn about BTC's chart as well.
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Daily chart has broken the 20 MA and is now testing as support.
This could also be considered a formation of support on the high from back in May.
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Alternative viewpoint, featuring a fractal from the recent drop below
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The weekly remains bullish above the recent open at ~4300, however if it breaks below the weekly candle is likely to retest the 4k range
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Key level breached again, this time it looks like a real breakout to test the top of the range
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Test of the top range has been rejected. Waiting to see if 4500 can hold as support here
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4500 did not hold as seen. A massive cascade of liqudiations has caused a dip to 3450. From here a test of 4000 looks likely.
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4k broke and if the daily finishes like this, it appears there is still uptrend in tact
@dRends35, Still butthurt about my constructive criticisms I see. Get off my page thanks
dRends35
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@usablewifi, I'm just providing feedback as you have done on many of my pages. Not "bhurt" at all.
dRends35
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Good chance you're buying the top.
dRends35
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As I said you bought the top.
usablewifi
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@dRends35, I post trade ideas. I don't post my positions. So no I didn't "buy the top". But you continue to display your naivety in full view - not surprising.
dRends35
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@usablewifi, Whether you are long at the top or you bought the top - they are essentially the same thing with same % loss and I have a hunch you were long hotshot.
usablewifi
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@dRends35, Again you presume to know what holdings I have and where they are allocated. You are arrogant
dRends35
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@usablewifi, You're talking breeze, just as I said to your very looooooong comment on my page. Ok so you're just charting this for fun and have no ETH lolol.
usablewifi
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@dRends35, I lose IQ points every time I engage with your comments.