ETH USD 300 Support confirmation or rejection
The second (2) steeper trendline from 275$+, hast not been confirmed in time, shown by the purple vertical line.
Now we have the chance for a furhter confirmation of 300$ along the blue support line and following the the first (1) trend line from 220$+.
In roughly 2 hours we will have more information(second purple line).
In my opinion for a further uptrend we would need a sudden spike in volume.
But Volume has also been decreasing.
Now we have the chance for a furhter confirmation of 300$ along the blue support line and following the the first (1) trend line from 220$+.
In roughly 2 hours we will have more information(second purple line).
In my opinion for a further uptrend we would need a sudden spike in volume.
But Volume has also been decreasing.
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