Ethereum When will the BULL RUN start again ???

in #ethereum6 years ago

I have put together this chart on Ethereum using a logarithmic scale at https://www.tradingview.com

What is the difference between a logarithmic price scale and a linear one?
Information on What is the difference between a logarithmic price scale and a linear one is from and if you wish to learn more about this subject go here https://www.investopedia.com/ask/answers/05/logvslinear.asp

The interpretation of a stock chart can vary among different traders depending on the type of price scale used when viewing the data. As this question suggests, the two most common types of price scales are 1) logarithmic (also referred to as log) and 2) linear (also referred to as arithmetic).
A linear price scale is plotted on the side of the chart there is an equal distance between the prices, and each unit change on the chart is represented by the same vertical distance on the scale, regardless of what price level the asset is at when the change occurs.
A logarithmic price scale is plotted so that the prices in the scale are not positioned equidistantly; instead, the scale is plotted in such a way that two equal percent changes are plotted as the same vertical distance on the scale.<

The chart below is of Ethereum using the Log scale
Notice how the ETH price has been riding the support line . It looks to me that ETH needs to break through the resistance at $301 to get the ETH in hopefully another BULL market . This is just my humble opinion .

🐒

DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .

🐒

Sort:  

etherum hast the huge team and support i think it will back top of 1000 $ again

Great Post sir
I appreciate your blog. thanks for sharing update proving crypto currency news..

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 58752.84
ETH 3153.55
USDT 1.00
SBD 2.44