Yes it's fragile, yet we have a falling wedge and some degree of support in the 16X $ area.
Why it's worth considering the 16X $ area ?
Look back at my analysis dating back to December 2018, there i provided 3 targets ( 167$, 257$, 350$ ).
As you noticed and all the three targets were successfully reached ( high was actually 363$ ).
General area around 167$ was the first target / resistance, now it can act as support (up to some extents).
So for now all i can say is *watch it* closely as there is a slight chance of rebound from this area.
Look for volume.
Why it's worth considering the 16X $ area ?
Look back at my analysis dating back to December 2018, there i provided 3 targets ( 167$, 257$, 350$ ).
As you noticed and all the three targets were successfully reached ( high was actually 363$ ).
General area around 167$ was the first target / resistance, now it can act as support (up to some extents).
So for now all i can say is *watch it* closely as there is a slight chance of rebound from this area.
Look for volume.
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Likely rebound incoming, as long as Bitcoin holds.
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Rebound unfolding as expected.
Technically it may even move towards 18X$ aera ( ascending triangle ).
A lot depends on Bitcoin though.
Technically it may even move towards 18X$ aera ( ascending triangle ).
A lot depends on Bitcoin though.
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Watching it.
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180ish already ...
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Resistance area broken out.
Probably some consolidation needed.
Watch for Parabolic SAR reversal as a further signal of strength.
Keep an eye on Bitcoin as well.
Probably some consolidation needed.
Watch for Parabolic SAR reversal as a further signal of strength.
Keep an eye on Bitcoin as well.
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*IF* ETH is going to lead a run i guess most prominent altcoins will follow.
Watch it and mInd that.
Watch it and mInd that.
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Weekly chart:
It may ness some time, but it's possible ETH is starting to "round a bottom".
We are looking for a long term Cup & handle pattern here.
It may ness some time, but it's possible ETH is starting to "round a bottom".
We are looking for a long term Cup & handle pattern here.
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Chasing Parabolic SAR reversal on Daily.
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Further watching for a Cup & handle formation.
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Despite the drop, view so far is unchanged.
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Steady progress so far.
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Same as above.
For now Cup & Handle seems likely.
For now Cup & Handle seems likely.