The price is likely to sink further down to $182 level because there is an impulsive wave developing now. There is a Triangle in wave (iv), and a move below $192 generates a sell signal with at least 5% downside potential.
Komen
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No signal yet. Market is neutral. Staying out for now. Keep an eye on this $207 resistance:
@Nickonomics Where do you think ETH will go from here ($184)?
RogueDave
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Comparing counts and moves, we differ a little, but largely agree. While BitFinex data doesn't fully support your triangle for (iv), the data at Kraken does on mine.
Nickonomics
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@RogueDave, Good point. Coinbase data is very similar to Bitfinex.
RogueDave
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@Nickonomics, One reason I use Kraken data, is that they go back to the beginning of ETH trading history. I started on Coinbase, but when I was getting miscounts based on incomplete data, I checked other sources. BitFinex was similar, then I found Kraken had the complete data, back to launch. It was from that complete data set that I determined ETH was in a larger degree wave 2 (wave 1 peaked near 400). Been using them ever since.
cryptofan07
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I agree with it very possible move get the popcorn!
aandp4life
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165$ bottom
then go long!
thanks for the idea!
cgavel
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What % do you guess the down trend is likely, based on your charts?