ETH Bottom for April 8th = Average In Long Zone around $166 USD
WEEKLY CHART
Confluence of indicators working towards average in buy zone around April 8th
1. Long Term trend line from from former ATH now possible support. ETH downtrend destined to test that support line.
2. Break under 21 EMA historically marks long opportunity zone. ETH downtrend looks to break below the 21 EMA
3. Point Of Control as measured from ETHUSD ATH in Jan 2018 = 166 area
4. See former chart where local ETH downtrend length = .9 times the length of the previous local uptrend cycle = April 8th
Confluence of indicators working towards average in buy zone around April 8th
1. Long Term trend line from from former ATH now possible support. ETH downtrend destined to test that support line.
2. Break under 21 EMA historically marks long opportunity zone. ETH downtrend looks to break below the 21 EMA
3. Point Of Control as measured from ETHUSD ATH in Jan 2018 = 166 area
4. See former chart where local ETH downtrend length = .9 times the length of the previous local uptrend cycle = April 8th
Commento:
5. forgot to add downtrend in Volume supports reversal around my buy zone
