rafabeton
Short

ETH downtrend to continue - but could turn bullish soon

COINBASE:ETHUSD   Ethereum / Dollar
I plotted this chart yesterday morning, has been tracking nicely. Published first on /r/ethanalysis

ETH should find a support between $235-$250. It could either be a slow drop of move up to $270, before dropping to $240-250 and finally breaking the downtrend and potentially moving up again.It could either reverse at $240-250 or if it breaks lower than the trend line , I think it could travel all the way down to around $180..

How it evolved:
1.
snapshot

2.
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3.
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4.
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I'm not a trader, just experimenting with the chart.
Comment: Update:

Prediction seems to be working:
snapshot
Comment: Any thoughts on this?

snapshot
Comment: We broke that support line, so I'm neutral at the moment. It could be that we test $180-200.
We're still on the path to a correct prediction
Reply
Nicely done, thanks!
Reply
rafabeton brewmaster48
@brewmaster48, thanks! I'm impressed that so far the price is following that red line I drew.
Reply
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