ETH heading toward December lows
Another favorite of mine is ETH. Primarily due to the amount of real world use of this coin. It leads all token generation.
They have some scaling issues to sort out which was evident during ICO mania slow-downs.
As far as the chart goes, price is heading toward the December spike low (purple horizontal).
A break of this support level would see it head toward the previous trend line (purple dashed).
As with other alts, price is primarily going to be determined by what Bitcoin does. This chart is just to highlight key points.
Keep an eye on volume for any indication of a change in sentiment, it would be indicated by large buy volume spikes (yellow line).
They have some scaling issues to sort out which was evident during ICO mania slow-downs.
As far as the chart goes, price is heading toward the December spike low (purple horizontal).
A break of this support level would see it head toward the previous trend line (purple dashed).
As with other alts, price is primarily going to be determined by what Bitcoin does. This chart is just to highlight key points.
Keep an eye on volume for any indication of a change in sentiment, it would be indicated by large buy volume spikes (yellow line).
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