As shown in my chart ETHUSD broke below the descending triangle. The target price is the length from the top the triangle or ATH up to the first local bottom at around $2,500
If the pattern continues to fulfill itself we could potentially see a bottom of $650 - $200 (within the orange box)
Let us see. We need to break the $1000 psychological level first going to the down side. Possible to see a retest of resistance and if we fail, its more likely we see the price to go lower.
Just my thoughts.
If the pattern continues to fulfill itself we could potentially see a bottom of $650 - $200 (within the orange box)
Let us see. We need to break the $1000 psychological level first going to the down side. Possible to see a retest of resistance and if we fail, its more likely we see the price to go lower.
Just my thoughts.