major support level meets a continous trend line around $250
Note
obviously around $312 major resistance plus buying into BTC fork taking it's toll on ETH . I won't be surprised to see $270-$250 range in few days .
Note
so that was a surprise move, got lucky and bought few @275.77 since I had bids down from $275.77 to $254.77 but of course the majority down low. No complaints but I'll keep watching to figure out if it was just a short covering move and then resume downwards or is it a true move. Volume and price action plus support levels will tell.I'll be watching $293-$300 levels (if it gets there) closely and then decide if I go long more or just keep bids as is around $255 level.
Trade active
so I'm still holding on few ETH @275.77. Trading in tight range would be a mistake.small bids from 287 down to 254.
Trade active
add more @305.33 and 308.5
Trade active
add more @$286 p to $313 ....... contrary to many traders I expect BTC to keep going but this time alts will follow.
Trade active
ETH declining after coming from $291.30 up to $319.94, if it stops above $300 and changes course I'll be adding. I think it could stop between $305-$310 area, i'll take it as a bullish sign.
Note
it 'll be also my last addition to ETH.
Trade active
still holding and my eyes on $382-$387 area. No sporadic swings so far since we took off around $300 area. ETH acting like a mature healthy strong equity, stock market style VS other coins.Not sure if is it because of smart money interest to accumulate or just bound to BTC .045 for now and once we reach over $1000 volatility will change, time will tell.
Happy Thanksgiving.
Note
as expected topped at $384. Now it's important to hold lower to mid 370s so it takes another shot and maybe get closer to 400s.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.