Apologies for my terrible charting skills. Trend lines are the downward trend from the ATH and key resistance and support areas for lower time frames. I was shorting $ETHUSD as of lately but about 14 hours ago I realized how risky this was as of lately due to the fact that we were getting higher lows on larger timeframes. I took a long position at $2335, and...
Charts really don't mean anything for something that really hasn't been trading for very long. However, I would set stop loss around $105. Don't FOMO because bears or bulls. Coin is still distributing as the major holders dump.
Looks like were testing recent lows this morning. Volatility is tightening again so if it doesn't break downward soon it may gain momentum again.
another 50-150 USD Move soon, where it goes no body knows
Looks like another push down once we get close to resistance at 11.2K