ETH/EUR correction level

COINBASE:ETHEUR   Ethereum / Euro
I believe ETH will keep correcting itself until the price falls within the two curves. My predictions is as of monday the extreme volatility will start The growth in price was a result of people entering the market after all the bullish news, looking to win easy money. There is a strong correlation between the more newspapers started publishing the uptrend of cryptocurrencies, the more it kept growing. As the correction will continue more and more of that kind of people will move out of the market after the losses they made by buying at way too high prices. The market will start recovering slowly once ETH will enter the first trendline and will keep fluctuating between the two lines. After some months I see amateur speculators coming back but not for the coming 3-5 months. This is my first chart. Let me know what you think of it.
Do you still think it will drop that low?
Charlie_Keij SeferCrypt
@SeferCrypt, I think ETH has found a comfortable settlement at this price for the moment. Difficult to tell if it will drop lower the comig days. The events that started the correction lose their influence. For a long term (investment) this seems like a good price.
I see a similar situation and those easy flips are not as reliable atm Fair play. I've yet to publish but am gaining more knowledge daily. Good info from Dan at TheChartGuys all one word on you tube. Cheers bren62
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