DCFreak

Ethereum - The Finale

Short
DCFreak Updated   
COINBASE:ETHUSD   Ethereum
Hello,

We are going to see a drop in the price of ETH with the upcoming BTC drop. This can also be seen in the MACD of the 4hr candle.

Just like the previous correction, I believe we will be heading to around 530$ before settling down and starting a new wave.

I will keep this idea updated and if anything changes, I will make sure to inform you ASAP.

~DCFreak
Comment:
Here is my bitcoin analysis which backs up why ETH will fall to the levels indicated


THIS is only valid if bitcoin corrects more, if it doesn't consider this idea invalid.
Comment:
ETH is holding pretty well, but its going to correct sooner or later to the level indicated. Time will tell.
Comment:
Almost at target
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.