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RE: ETHUSD - TECHNICAL ANALYSIS September 30, 2017 - Current Price $304

in #ethereum4 years ago

I think that we're starting to see the end of the bear despite the recent FUD. We had strong support from 290 to 310 yesterday. It'll be interesting to see if the FUD overshadows the metropolis branch that is expected in the next couple of weeks.

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A couple weeks is a lot of time to drive the price lower. I personally ignore news and onyl trade price action. It is good to know though, an event is coming, thank you for that.... to be honest it reaffirms my short term bearishness hahah....

If you look at the daily chart, ETHUSD set a double top, this little ascnding wedge makes for a bear flag... so please be cautious.

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