veryevilone

ETH Collapse in 3 hours?

KRAKEN:ETHXBT   ETHXBT
261 0 3
Hello,

It seems to me there is no bottom if ETH falls below 0.011. The negative trend highlighted with red, is going to force it below that in a few hours. Its already been tested twice, and the negative trend lines did confirm that it wouldnt neccesarily fall below, but in a few hours the trend line will force it below, unless it breaks out before that.

If it breaks below 0.011 i see no bottom. There is psychological support around 0.01 perhaps, but there are no trend lines supporting it. So it will be very interesting to see what happens. I am ready to short in a few hours if the negative trend has not been broken.
Comment: So looks like ETH broke out. Congrats. I think crisis is averted for now.

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