Ethereum support line probably is the line that below the current price.
The Resistance trend line is generally parallel to support line. According to this idea the resistance line is the line above the current price.
I created "up trend channel pattern". In this pattern, the price moves in a parabolic trend. I drawed parabolic line as a resistance....
I am afraid that BINANCE will affect the price of Ethereum
Total books: $34,227,930.61 (-5.37%)
Global Bids: $17,877,485.32 (+3.85%)
Global Asks: $16,350,445.28 (-15.46%)
24hr Volume: $1,259,245,633.44 (+7.45%)
There is lots of noise out there! Lots of people calling for more bullish price action. Certainly possible but the probabilities are stacked in favor of a short term pullback. Price action tells the story along with a possible head and shoulders forming. We are still within the strongest band of volume trading for ETH and we failed to break out of it (the head)....
Currently bullish on Eth over the next few months. Eth is fundamentally sound and has lagged other major alts.. We could potentially see ethereum taking the lead from LTC and EOS and driving some of the gains over midterm. Thats what I'm betting on.
It looks like ETH is building a symmetrical triangle before (hopefully) moving on to higher ground. We're seeing higher lows and lower highs, all on decreasing volume. The height of the flag pole is approximately $45 so if there is a breakout on higher volume we can expect the price to climb $45 from its breakout point.
There was another symmetrical triangle back...
Entonnoir : D/H4/M30 (intraday)
En jaune pointillés, la compression que j'avais anticipée dans mon AT du 9 avril. En jaune, la compression actuelle.
Reste à voir quel scenario va se réaliser : flèche rouge ou verte en pointillés. Ca ne devrait pas tarder, quelques jours au plus tard.
Funnel : D/H4/M30 (intraday)
Yellow dashed lines...
It would be quite unusual, if the necessary time to correct the whole impulsive move from the beginning up to the all time high would take only half the time of this impulsive move to unfold. Also the downmove since Jan 2018 was limited to a simple channel. Complete corrective moves normally present themselves more irregular.
The present upmove since dec 2018 is...