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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3.
4.
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.
2.
3.
4.
I'm not a trader, just experimenting with the chart.
Nota
Update:Prediction seems to be working:
Nota
Any thoughts on this?Nota
We broke that support line, so I'm neutral at the moment. It could be that we test $180-200.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.