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ETH/USD: Follow the Yellow Brick Road

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Ethereum (BITFINEX:ETHUSD)  
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BITFINEX:ETHUSD   Ethereum
Support and Resistance Trend Lines Parallel Channel
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supportandresistance trendline parallelchannel
Following the yellow channel, we are bouncing of the support of $303. We could range here for a few hours before moving on up to $330
Komen:
Although the yellow channel was broken at $300, I am not ready to give up on it yet. Another break and I will review the channel. Otherwise, we are still good for $330.

On the short term, $316 marks a safe exit for anyone who entered/added at $300 as we know this to be a recently popular price zone.
Komen:
Incorrectly drew trend. Update below:

ETH/USD: Follow the Yellow Brick Road - Corrected
Penafian

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