DCFreak
Short

Ethereum - The Finale

COINBASE:ETHUSD   Ethereum / U.S. Dollar
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
@DCFreak, great work! Anyway, my last support and potencial target for ETH is between 400-425. In case we can't hold this, we will see 300 area. For sure I am expecting further drop!

Reply
@DCFreak , will you post again when you go long on ETH?
+2 Reply
@Fiyi77, yeah. I will.

ETH is based on the direction of BTC for now
Reply
Fiyi77 DCFreak
@DCFreak, thanks. So at the moment though you don't have a update on what you think the next btc support level will be...? do you think we will go below 5k with Btc?
Reply
@Fiyi77, 5400-5700$
under that, I haven't check what other support lines are there
Reply
Fiyi77 DCFreak
@DCFreak, thanks again, really appreciate your charts and you taking the time to reply to my questions.
Reply
Fiyi77 Fiyi77
@Fiyi77, sorry one more question. I just read on another chart that if the supprt level of 3k is breached that this would go to sub 100. Do you think this is a possible scenerio? That idea is very scary so I just wanted to ask your opinion
Reply
i love your work!
Reply
Break a trend line?
Reply
What do you think first profit target will be?
Reply
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