EtherCharts

Second Back Test of Red Trend Line Complete?

Long
BITFINEX:ETHUSD   Ethereum
Mentioned last night that ETH/USD had a minimum downside target of 179 as measured from the break down of the purple triangle yesterday, Now that minimum target has been met. Additionally, the minimum target is also a second back test of the red line of what was once resistance. This line, now broken out over, should serve as support. Where we get a solid bottom is not completely clear, but a second touch on what should now be support seems like a decent spot for significant support.

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