ETH Support Areas
Ethereum is entering a zone of support, though it is quite large. If it makes it below .07 I'd be pretty surprised. Note the horizontal price action from last summer and fall (highlighted with the rectangle). Also, the VRPR indicates the high volume price levels that should indicate support.
Finally, I show the daily Kijun with doubled settings which we are on (and perhaps breaking below) right now (if you want to catch that knife) and the daily cloud will offer support as well. Personally, I'd be pretty interested in Ethereum from .074 or so at the bottom of the daily cloud. But if it bounces of Kijun now, that's a good sign too.
The trend is neutral right now and Ethereum needs to decide which direction it wants to go, relative to bitcoin. I am personally minimizing my ETH exposure, for now at least.
A few people have asked me to publish something publicly so they could borrow my template, so here you go :)
Finally, I show the daily Kijun with doubled settings which we are on (and perhaps breaking below) right now (if you want to catch that knife) and the daily cloud will offer support as well. Personally, I'd be pretty interested in Ethereum from .074 or so at the bottom of the daily cloud. But if it bounces of Kijun now, that's a good sign too.
The trend is neutral right now and Ethereum needs to decide which direction it wants to go, relative to bitcoin. I am personally minimizing my ETH exposure, for now at least.
A few people have asked me to publish something publicly so they could borrow my template, so here you go :)
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