The current trend channel was already visible on 2 August. Compare it to my chart. Now this trend channel has been further confirmed. Therefore, I expect a maximum correction down to about 320/300. If 300 falls next support at 275/260, then 220. but that's not going to happen after my analysis. Then it could go further up. But be watchful. Maybe the correction at btc will not be so strong according to the technical analysis. I see a positive development for all cryptos until end of the year.
Let's see what happens. Happy trading. :-)
See also chart from 2. Aug:
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and:
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view from a distance.
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maybe we saw lowest low at 270/275.
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if the breakthrough at 335 will be confirmed in the next few hours, another up is possible.
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strong support at 300. okay. up could be expected.
currently everything is taking dump. ETH is already at 305. Where is the buying power? I already out of money here.
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@choong_ho, the correction takes its course. we'll see where the bottom is. I wouldn't panic. currently the market is very spiky. I'll wait and see. if it's too stressful for you, go out and see if you can re-enter deeper.