Ethereum vs US dollars
Chart looks extremely bearish and no sign of coming back some we can see next major support is at $200
Let's see how it goes looks like the market is completely getting over sold pretty back month for the crypto currency world..
Eh. Lets see how it goes! Opinions? What other charts have you seen that match up with this one? What other charts do you see as likely to happen? Comment below.
If you look at my last idea, you can see where this idea originates. I think it will break the current resistance at ~45 and continue up to the ~$48-50 resistance mark. I will be selling shares around then because I feel it may go back down to what would be the ~$45 support (or even lower) to finish off the head and shoulders pattern. What do you think?
On this chart we have the whole life of ETH and with the blue line of the behavior of BTC.
Since the month of September Ethereum have a free fall tendence, but now are forming a star candle.
The end of the bear era and change the the tendence?
Let we see.
Thanks for your time!
After having built an Adam and Eve double top, ETH broke its neckline and entered the 4h ichi cloud. TRIX and RSI broke support lines. CCI in the red. I expect a retest of the support trend line at .025-.026.
Long based on flagpole length just happens to complete ABCD pattern.
Convert longs to shorts around .05 if this plays out.
Stoch turning up from oversold level and MACD likely to reverse at zero line.
A tight SL is appropriate in this situation
A short update on ethereum prices.
Ethereum price has dropped by a good margin and people are plenty bullish. Look at the price action now. Does it look like a bottom? It kind of does with a massive support around 0.023, previous lows. Is there much panic selling? Some, but still low volume. However, the difference is that we are drifting down to these levels...
