As can be seen from the graph ETHUSD were in quite flat, especially for crypto, price dynamics. It was consolidation near maximum level. Mosty it's high growth pattern. Now ETH is going by triangle pattern. And there is 2 possible scenario: breaking the support of triangle line and confirmation of downtrend by RSI and MACD. And senario with higher probablitiy...
Hello everyone.
As you can see on graph, here is simple trend lines, that shows us two variants of eth stop falling. First is around 175, second is near 125. I guess, that we have better chances to stop falling at 125, then 175.
Reasons for falling is quite clear: Bitcoin softfork and ICOs, that try to sell all eth, that they earned before. Demand on eth small...
As can be seen, many support lines have broken, and we so far from main trend line. I expect bounce from 160-170 level up to 215 in pessimistic scenarious and up to 245 in optimistic scenarious. Also we can see that BTC/ETH decline slowly and we will see the bottom level about 0.08 btc for 1 ETH, BTC now also decline, and i guess that the lowest point for this...
As can be seen from the graph and figure, triangle has been broken, so there is a strong short signal. I guess, that next stop will be near 206 support level. Stop-loss after support at 236,take profit above 206 support line.
There is no strong analysis, i based my forcast on simple technical analysis and looking at trading volume. Big players are waitng for...
