ETH/USD update
ETH is going to try to recover above 89 days WMA (brown) currently @$284. If we see a daily close above it the next pretty strong resistance is downsloping 34 days WMA (yellow). To clear it we need a daily close above $314. If the market gets enough momentum it can overshoot to $341. Only a daily close above $341 will clear the way up. Before that, the market can be rejected at any of the above levels.
https://www.mql5.com/en/charts/7632395/ethusd-d1-fxopen-investments-inc
Thanks man - sent a couple LTC your way.
That is very generous! My big thank you to you!
Thank you very beautiful information
Thank you srezz. 👍
Hi sresz, I have one question. When looking at the ETH chart from May 22, 2017 so far, I have the feeling of creating a double top and the next two down. So now ETH should be deep down. The two vertices are down to the bottom so far. The so-called W letter is created. What do you think?
sorry for my English. Google translate
I don't rely on any arbitrary "shapes".
In the past - double tops are usually tripled with a third top that breaks upwards