phlogistax

Ether important trendlines

KRAKEN:ETHXBT   ETHXBT
97 1 1
Just a very simple observation. At this point, Ether appears to be trading between support established by the longer term trendline and resistance by the relatively short and steep trendline . Probably worth keeping an eye out on these on a broader scale, as breaks of either may lead to significant activity. Thoughts?
my thoughts is that hopefully we can see higher lows above support trendline for a while before eyeing/nearing .030/ATH again. otherwise bear sentiment will prevail and we can forget about any reasonable, fundamental-driven (non-speculative) long term pricing
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