Ascending Channel 101

25 oct

There are kids on trading view claiming with absolute certainty that ETH is bearish. They may be right, but only after breaking down below the support level, which price has held onto pretty good so far. A wise man once said: sell the resistance, buy the support. There are people on this app spreading propaganda to convince you to sell when price is playing with support. As I said, price could be bearish, but only after the structure breaks and the support level does not hold. The chart you see is very simple and rudimentary, but at the same time it warns you of the dangers and risks you are facing without confusing you.