Browse Stacks: Trading: Crypto: slopechart_$ETH.jpg

slopechart_$ETH.jpg

ETH - update 

Well, it has fallen below 4k and stayed there for more than 11 seconds. Except Mr. Chart says 4k is just a number in human's minds, what matters is support from the top of the triangle. Bounced for now. Break below $3,750 might unleash more animalistic reactions.

Image added via SlopeCharts
slopechart_$ETH.jpg

Comments

Mr. WizardMr. Wizard
I think the 4000 level is like the Dow 30000, it's a nice big round number that people see (either going up or going down) and that they stop and say Whoa! Look at that! 
But the 3750 is awfully close to a long time support range around 3800, which IMO are the real test levels, because there's something important there in those numbers we aren't privy to. 
As I say, no dog here, but I love seeing how things play out on the charts. 12/13/21
sandunessandunes
I don't trade Eth either. I feel like I must keep an eye on it as a bellweather, it being number 2 crypto and the internet meme of it some day overtaking Bitcoin. 
 
Additionally many cryptos are doing the 'new ATH WOOPSIE, WE LIED ITS A DOUBLE TOPS SUCKA!!!' thing. I think Eth is going to say a lot about what some folks propose as the 8th and 9th inning of this bull run. 12/13/21
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