Ether (ETH) had turned down from the downtrend line on Oct. 1 but the bears could not capitalize on the weakness and sink the price to the $308.392 support. The long tails on the candlesticks from the start of the month show accumulation by the bulls at lower levels.
1. CLUES it has been operating on a down trend line since the fall from $488 which suggest that it will fall to a very strong support.
2. The support it fall all this while is a very weak support that why the bull can't push futher to continue
KEY STRONG SUPPORT TO WATCH IS $240
1st support. @ $337
2nd support @ $308
and below 308 is next $240
Finally we can have a bounce here to 2021.
Don't forget to ike my idea and follow for more post.
wishing u happy trading
1. CLUES it has been operating on a down trend line since the fall from $488 which suggest that it will fall to a very strong support.
2. The support it fall all this while is a very weak support that why the bull can't push futher to continue
KEY STRONG SUPPORT TO WATCH IS $240
1st support. @ $337
2nd support @ $308
and below 308 is next $240
Finally we can have a bounce here to 2021.
Don't forget to ike my idea and follow for more post.
wishing u happy trading