Have we already hit the bottom? It is quite possible. The $240 mark indicates a major support line, which will likely be tested again. If it is held we will need to knock out the trend lines one by one to get out of this bearish phase.
If the $240 mark is not held, we will likely see an even greater correction all the way down to the $200 mark. Which then the...
If we recall back in 2014, there were very few ways one could invest in Bitcoin. Most of which left people feeling insecure of were where they left their money. At the same time, most of us even thought Bitcoin was the only "internet currency" out there, and was only used by criminals on the internet.
Well here we are halfway through 2017 and just about everyone...
It appears the gap is narrowing between the major resistance and support lines. If ETH breaks past the resistance point of $331, I believe $352 will be an easy target to reach.
note: I am very new to this, so any praise/criticism is very appreciated!
Good Luck All!
Is ETH about to go sideways? If so, for how long until it returns to it's bullish uptrend?
On the plus side, the support line appears to be growing slowly, which I will be using as buy signals as long as this chart remains accurate.