We've got multiple touches on the bottom we did have a little bit of a fake out we are getting a nice bounce off the bottom of this again ethereum actually just broke up to the upside and it's actually at 405 about at this level you know the four-hour chart that you just read to kind of scratched that because we just did exactly
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What i thought we were going to do we just broke up above the upwards resistance line and you know this could be just a fakeout we're going to jump on into the daily chart and on the daily chart we have another triangle that's playing out as well you see on this one as well we've added touches on the top and bottom all throughout we've had touches all throughout and what i'm seeing for this one
We do a break to the upside on the smaller time frame the top of the triangle i think we could see a nice little bounce to at least test the top of this if not get a nice little bounce at least to this resistance where we had our low local high in this last consolidation period for ethereum so keep in mind you know we're still in this daily triangle as well
We do break out to the upside the weekly chart for ethereum we have a couple things going we're just bouncing between this resistance and this support this line is the most important line for ethereum and in all coins in general because you know that ethereum leads the market for these all coins you want to see it hold this major support this line is so important because it was our resistance the bear market we didn't quite reach it here
