I have put together this chart on Ethereum using a logarithmic scale at https://www.tradingview.com
What is the difference between a logarithmic price scale and a linear one?
Information on What is the difference between a logarithmic price scale and a linear one is from and if you wish to learn more about this subject go here https://www.investopedia.com/ask/answers/05/logvslinear.asp
The interpretation of a stock chart can vary among different traders depending on the type of price scale used when viewing the data. As this question suggests, the two most common types of price scales are 1) logarithmic (also referred to as log) and 2) linear (also referred to as arithmetic).
A linear price scale is plotted on the side of the chart there is an equal distance between the prices, and each unit change on the chart is represented by the same vertical distance on the scale, regardless of what price level the asset is at when the change occurs.
A logarithmic price scale is plotted so that the prices in the scale are not positioned equidistantly; instead, the scale is plotted in such a way that two equal percent changes are plotted as the same vertical distance on the scale.<
The chart below is of Ethereum using the Log scale
Notice how the ETH price has been riding the support line . It looks to me that ETH needs to break through the resistance at $301 to get the ETH in hopefully another BULL market . This is just my humble opinion .
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