ETH downtrend to continue - but could turn bullish soon
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:
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I'm not a trader, just experimenting with the chart.
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.
I'm not a trader, just experimenting with the chart.
Comment:
Any thoughts on this?
Comment:
We broke that support line, so I'm neutral at the moment. It could be that we test $180-200.
Prediction seems to be working: