tradingbacon

ETH - multiple trend lines meeting

Long
tradingbacon Updated   
BITFINEX:ETHUSD   Ethereum
This chart is pretty simple. At these price levels, we are hitting the log trendline from Dec '16 when ETH was around $6. I expect MASSIVE support here.
Comment:
ETH is significantly oversold. RSI has not been this low since Dec '16.
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