ETH - Broke Support and Waiting to Buy At $256 by daniel.dalo

crypto · @daniel.dalo · Jul 11 '19

$0.07

ETH - Broke Support and Waiting to Buy At $256

![](https://d1vof77qrk4l5q.cloudfront.net/img/29290e16f0853ff516c722ec22a67ce5c7f0ac91.jpg)

Ethereum price broke shyly the support at $273 and is now ranging on the lower timeframes. However, as market structure generally dictates, we should see a retest of this level now as resistance and head lower to the $256 area where we have a nice demand zone. If this happens, we might see a push from buyers to get the price back on track. If price continues lower, we have another great opportunity to buy even lower at $227 with an even larger profit margin.

Let me know what you think on the comments below!

Posted using [Partiko iOS](https://partiko.app/referral/daniel.dalo)

👍 atnazo, staticinstance, hhayweaver, grandpawhale, cpol, coolenglish, partiko-promoter, cryptoconnector, mxzn, madstacks, bwar, acwood, embomb701, shadowbot, amicus, malos10, derangedinvestor

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@partiko-promoter · Jul 11 '19

None

Thank you so much for being an awesome Partiko user! You have received a 0.82% upvote from us for your 95 Partiko Points! Together, let's change the world!

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@atnazo · Jul 11 '19

Can I ask you how you check support trend line?

👍 daniel.dalo

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@daniel.dalo · Jul 11 '19

I look for two clues when searching support levels, one is a level o zone in which price has been rejected in the past and the other clue is to look for strength of moves, meaning levels in which price moved aggressively or moved a lot in a short period of time.

👍 atnazo

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