Etherum Price Charts - ETHUSD Technical Analysis by Chartguys.Com
ETH 5 Minute Chart
In the last 24 hours ETHUSD has show a series of consolidation triangles into a descending wedge into a symmetrical triangle. Currrently breaking the bearish trend in an aggressive upside channel with confirmed support.
ETH 15 Minute Chart
On the 15 min chart there are a few key support levels to note. 209, 210.85 and 230.75 stand out as important levels.
ETH 60 Minute Chart
So far the 60 minute chart has been the most interesting timeframe and has provided substantial insights into price action on ETH. We can see the descending wedge develop and confirm on the 19th & 20th, falling into a longer term descending triangle, the break signaling the bearish correction of the ETH market overall. This pattern found support along the broadening triangle key levels (indicated in dashed red lines) and found bottom support just under the $220 level. Watch for support along the broadening triangle and resistance at the 299.55 and 300 levels.
ETH Daily Chart
The daily chart has been in a consolidation/correction phase following the extremely aggressive growth seen over the last month. We are watching for a close above the unconfirmed channel levels to indicate a change in market direction. Watch for key support levels at the blue levels indicated on the daily chart below.
really enjoy your content chart guy was happy to see you jump on steemit, i look forward to more of your content on steem
Thanks nerbski, we will continue to post content here in the hopes it takes off!
would love to here your thoughts on LBRY as a platform considering the possible content creators that would flock to the LBRY platform
All depends on who has better advertising, Steem has the head start in terms of adoption.
I've been watching your video's for about almost a month and though i am more a long term investor, i wish i would have listened to you point out key levels to get out during the last correction as i could have gotten back in with even more but hey, no complaints when you get into ETH at $80-90.
All good! Use this time as an opportunity to learn and prepare for the next few decades of opportunity across the financial world , not just crypto.
Welcome to Steemit, finally you are here :)
Thanks! Now to build a following and get the youtubers over here...
Sounds good to me :)