tradingbacon
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since Feb 5, 2018
bitcoin
chartpattern
ethereum
trendanalysis
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This chart is pretty simple. At these price levels, we are hitting the log trendline from Dec '16 when ETH was around $6. I expect MASSIVE support here.
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This line began a year ago before the crypto boom. We saw a huge bounce at this line last month, and we're at it again today. Let's see how this plays out! I also drew a log line from Aug '15 to give perspective on where the next log support is. I think it would take a major catastrophe before this lower line is tested.
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I'm new to the site! Just testing out the indicators and publishing an idea I think is strong right now.
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