ETH - Important Support Levels to watch
Updated
This is a weekly chart of ETH.
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
Note
Again perfect textbook chart patterns throughout the top coins.ETH perfectly sits on the first support line right now, after bouncing from the second support at around 355 (the line in the chart above is slightly too low.. not sure why).
ETH different than LTC and BCC is consolidating in a bearish expanding triangle though. ETH shows us for contiunation into doom. This would most likely lead us directly through the already touched supports down to 316 & 285!
Note
Also for ETH it would be just too juicy to fill the gap down to the 22$ level at some point.Hold of 102$ level will determin if we can stay within the tightening weekly equilibrium or not.
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