SoFain

SoFain

Ethereum has been rather predictable this week as far as it's pivot points. We seem to be in a short term bull trend so breaking thru $2914 should bring a retest of 3000. If we break $3000, then we will see a higher high and a possible trend midterm reversal. If ETH breaks below $2767, then expect retest of support at $2600. This is a pivot point. Below $2600...

SoFain Updated 

Right now we have dropped below the 200MA on the four hour chart. If this candle closes below it, we could likely smash thru the well-tested support at 7500 and break down to ~7100. If we break back above it, chances shift significantly back towards a climb back above 8000. we have held the 800hr MA since February and it has proved key during this bull run. ...