ETH has pushed back down and has tagged a support line joining the March, July, and September Lows. If this support breaks then this 4th try for support may cause ETH prices to crash. This support is a "must hold". We are still range bound between $275 - $380. Breaking either of the resistance or support confirms the trend. Short-Term is still bearish, while longer-Term sentiment is bullish. Therefore trade bias is for the uptrend.
Foot Note:
-RIGHT CLICK ON IMAGE AND OPEN IN ANOTHER TAB TO SEE FULL RESOLUTION-
When analyzing this chart, you will notice the Slow Stochastics indicator. I find this indicator to be the complete indicator compared to the vast majority out there. Lets explore the terms I will be using. Also use the indicator based on its respective time-frame:
Time-Frame:
1 hour - Lasts 1 hour - Few days
Daily - Last Days - Week(s)
Weekly - Last Week(s) to Month(s)
Term used:
OB - OverBought (above 80)
OS - OverSold (Below 20)
Bullish - Above 50
Bearish - Below 50
Trend - Cross up in both channel line or Cross down in both channel line.
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