Ragnar_Lothbrookes

ETH - Short term expectations over medium term analysis

POLONIEX:ETHUSDT   Ethereum / Tether USD
So I calculated the drop from January 1st to April 1st to provide a percentage.
I then looked at the previous rise/falls inbetween that period and calculated the percentages from that.
Remarkably - I have detected a $400 rise pattern (Thereabouts) between the substantial rises, before a drop .
Although the percentage in rises are different and often higher, When ETH rises $400, from a previous dip - It starts to drop again mid-term.

If the current percentile increase is to be expected to continue - I believe we could hit $760 by the end of the month, I would consider a sell at this point.
If the market continues to gain headway - I expect to see $660 without a doubt by the end of the month, If this happens - Then I expect to see Ether continue to Ascend, and break out of the pattern I can see.

With the patterns over Mid-Term, there is a possibility that it will start to decline again within the next 24-48hrs - If this happens I predict a bottom out of around $280, before another rise - That is to say, if the pattern I can see from the numbers continues...

With ETH currently still rising - I believe it may have broken out of this pattern, however the deciding factor for me would be when it hits $760 - If it rises past this point then a new trend pattern will begin. For now, I still expect to see a rise in the short term.

To come out of the "Bearish" Market the next 48hrs will be a good sign
To signal a good "Bullish" Market - We need to continue past $760

This is Crypto and anything can happen - DYOR and make your own calls, don't fully rely on anyone else.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out