been watching eth for the last few weeks looks like major support starting to build in the 50-55 zone witch is about 300usd 400cad potential over the medium term looks to hit around .1- .15 for a nice exit ....... personally i will be selling half at this level to create a risk free position
this is a weekly chart you will see market structure is still bearish but strong SCMR support has painted into one long zone
EWO is about to flip bearish same with macd and stochastic rsi is about too bottom all good signs that the bottom is coming in soon
3 day chart provides more resolution to picture but its still the same story more down for a big up in may june
EWO and MACD are red and rsi has bottomed so we might see a small bounce before we bottom out
![Screen Shot 2018-03-24 at 8.07.21 PM.png]
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daily seems to confirm an incoming counter trend bound that may take us to 70 were you can see the notch in the volume profile on the right !!
happy trading .. remember less trades over long term is make more profits with better risk versus reward!!
