#ETH $ETH approaching ascending support
Updated
Ether approaching ascending support line. Trend line has acted as support since late 2018. The 100 day SMA currently acting as resistance. I am going to bet on ascending support holding strong. If it breaks and closes below then it will likely act as resistance, and we will have to reassess a new support zone.
Note
Trend line support was not tested we got a nice bounce into the 220's
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.