mashtrader

mashtrader

If we hold here with some convincing volume we should be okay IF NOT we have previous dip support at $555 area BUT THE CRUCIAL AREA around $420 , below it is bad , as we will be breaking long term trend .

mashtrader

it could be a double top and we reach for the $300s that many traders were expecting after the $500s rejection OR a consolidation that will strengthen an upside move beyond the ATH.

mashtrader Updated 

major support level meets a continous trend line around $250

mashtrader Updated 

Is ETH forming a big triangle ? if the next upswing make a lower high than previous it looks so . Just an observation :)

mashtrader

still respecting overall trend line even after the massive dump from $400 . Unless that trend is broken I'm still playing it long .

mashtrader

Most analysis I look at predict an upside move but the current candle with a lower high than the previous one plus a low volume tells a different story .I'm not sure how this candle final form but to me it will show a lot.

mashtrader

riding the lower trend line is OK but not as convincing as riding the the higher trend line piercing $365 prior resistance .

mashtrader

If the price adhere to the trend line we should see slow but steady upward move

mashtrader

If history repeats itself

mashtrader

if history repeats itself