Support and Resistance lines for new investors

14. Mai 2022

This is what I am looking at for ETH support to move up, $2200 must be reached for us to start any bull run. Each line is support until broken, then it becomes resistance. This is where trades start to do a diving board , up , down, up, down but don't move much and red and green candles match at close, at top or bottom. Note never red red or green green, must be red green, green red. This marks a level, For new traders, look at the day chart and make a line like I did in this chart at the red and green candles that matched at consecutive days (2 days ) you will see as you drag the line ,that the lv will repeat it's self over the last year or 2 multi times. (human behavior) Thus repetitive and predictable. wave patterns always run in the lines, steps run in triangulation patterns. If the pattern starts to go sideways and volume is low, most likely support for a move up is gathering.

this last week we saw Luna crash due to the UST that is now being investigated. CoinBase is still trading UST, LUNA and WLUNA but will suspend all trading of all 3 on the 27th of May. it is very unstable as people are trying to make a crap ton of shorts every minute. CoinBase will still let you send and receive the tokens from your wallets after the 27th. Right now the markets are just crazy, bad news after bad news is totally disrupting. The good thing is the wheals all pulled out, and you can bet they are plotting when to get back in. This is a golden opportunity to go long for big profits. I am sticking with ETH as my main bet for a bull run coming soon, once the smoke clears Wheals will once again be spotted migrating back to crypto. Keep your eyes pealed and hold the line! God Bless and have a great weekend.