This is my first attempt at doing technical analysis. After studying up a bit and reading through Yrat's legendary Divergence Lesson, I believe there is enough to indicate that ETH will soon reverse it's current downtrend in the next couple of days. I believe we will see strong support around $3200 if not sooner, at which point we will see an uptrend. There are similar indicators for BTCUSD and other cryptos to behave likewise, so I think conditions will be ripe for a rebound across the entire crypto-space. I believe we will see ETHUSD rising to meet it's alltime high sometime next week.
Please let me know what you think. As I stated before, I'm a newb, so feel free to provide some constructive criticism.
Please let me know what you think. As I stated before, I'm a newb, so feel free to provide some constructive criticism.
