____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Technical analysis - ETH 2/12/2018

BY: @bunlogic | CREATED: Feb. 12, 2018, 7:37 p.m. | VOTES: 11 | PAYOUT: $0.03 | [ VOTE ]

Hey!

First post, rough profile, rough first post, and a little nervous. A more formal post will be done with our goals, and expectations with the steemit platform, so far from lurking it seems that upvote bots are a big issue. Never the less we want to organically grow, and contribute to the platform. Wanted to share my thoughts with ETH, and what we can expect in the next few weeks.
[IMAGE: https://steemitimages.com/DQmYKt9xtRyiZHYZWVeHXYSRcxZZ9edQEsthmEKbeAfh25j/gdax-ethusd-Feb-11-2018.png]

Keypoints:
-We are stuck in this downward channel with a hard resistance around the $1,000.
-Volume has been diminishing(less trades on weekend)

Scenarios:
Green - We will test the hard resistance, and if we break this resistance i see us having a small pull back before the uptrend picks up

Red - We fail to break the 1k resistance, and will test the ~$700 support line
-->Blue: we will bounce up and down testing the hard resistance once more
-->Red: we will see more selling and then test the $555 support

Please share your thoughts, and your own graphs, and if you would like a graph drawn. Feel free to message or comment.

Edited: grammar :)

TAGS: [ #analysis ] [ #technical ] [ #crypto ] [ #currency ] [ #eth ]

Replies

@steemitboard | Feb. 12, 2018, 10:19 p.m. | Votes: 0 | [ VOTE ]

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@kassanova | Feb. 13, 2018, 1:59 a.m. | Votes: 2 | [ VOTE ]

Welcome to Steemit! :) Very nice one

@bunlogic | Feb. 13, 2018, 5:27 a.m. | Votes: 0 | [ VOTE ]

Thank you for having me, and thanks for your comment.

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