Unfortunately the most solid support we will not find until the area of $395 and I say unfortunately because having a support so low gives chance to get scare one more time.
Re-touching the area of the $620 will help us to define the trend that is seen between very thin lines to the upside. Without a doubt Ethereum will give us many emotions next year.
Hope this is useful for you guys... Happy New Year!!!!
What a wonderful and better way to start the year, however I do not enjoy environments in which I do not have references, so I delimit them.
As long as it respect the blue lines of what I frame as the "work area" I will let the movement run. If it cross any of those blue lines I will partially or completely close my positions for a short period, buying again when i confirm the continuation of the upward movement.
The green area bounded by the angle 1/1 of Gann (from the original movement) provides us with lateral support.
The alarm of $890 will warn me if the fight is not easy and I have to be a little more aware. Within the red area, I will definitely tighten the angles and if lose horizontal supports I will begin to close my positions.
My goal is to cross the $ 1000 from which I will begin to close my positions and wait for a re-entry.
Interesting note, It respect the levels 1 and 2 of "fib time zone" what will happen in the third line? we'll see...