Ignition-FX

Ether forms double bottom.

BITFINEX:ETHUSD   Ethereum
Ether is in a firmly established downward channel, as can be seen on this chart. A double bottom has formed at 180 (there is also a double bottom on BTCUSDZ!)
This indicated that $180 is now a support level to watch.

If 180 is broken, look for a drop to $160.

Every Sunday afternoon, I run my Algos (Currently on Version 2.3) on the last 120 days of FX data and generate 3 to 5 ignition levels that I use for my trading over the next week. Get them here: ignitionfx.substack.com/
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