eth, bitcoin are all approaching its key support now. So scary. What's your thought , Rexlomax ?
rexlomax
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Bitcoin has long standing support at 5700 if that gets shattered all hell will break loose.
ETH should find support around 250-290$
rexlomax
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@SamHuynh,
JackieHuynh
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@rexlomax, we still have this last support around 5.3k-5.5k below 5760$ .
JackieHuynh
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you don't think that support basing on the falling wedge will hold if 5760$ is broken ?
rexlomax
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@SamHuynh, Below 5700 next support is 4500 IMHO. Finding exact support after 5700 will be like trying to catch a knife
JackieHuynh
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@rexlomax, correct me if I am wrong. According to volume profile and support resistance, don't we still have one strong support around 5300-5500$ (this one match falling wedge, support line, high bar volume profile), then if we break 5300$, it will be free fall to 4500$ range because of low volume bar. Do u think my thought is logic ? im still learning volume profile