Really surprised that there isn't a main thread for speculation of ETH since its the largest alt-coin out there. So decided to create one.
This thread is only for
TECHNICAL trading NOT FUNDAMENTAL trading. There are already enough fundamental threads about why ETH is a bubble, ICO scams, centralized, etc, etc.
Post your ideas and NO CHARTS IN HINDSIGHT.
Here is what I am currently looking at. Basically we are sitting on important support, if this support breaks then looks like there might be a huge sell off. If it holds we might head towards the last ATH or stall in the red shaded area which was previous support and resistance on the hourly.
Looking at the ETH/USD we are in a descending triangle. Hence we are currently sitting on important support and if support breaks, we go down. If the trendline breaks, we go up.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi66.tinypic.com%2Fa5kvg5.png&t=665&c=1KU7f31sf27-4A)
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi65.tinypic.com%2F2re3b4l.png&t=665&c=zNCbRg3UKpKAZQ)