dRends35

ETH - Heading Lower 🐻

Short
COINBASE:ETHUSD   Ethereum
ETH very similar fractal downside to BTC since the top with 3 wave retracement topping exactly at 0.618 has just fallen out the ascending channel.

And this should now see another leg down to the 1:1 :1538 where similar to BTC long term 2018 support is waiting just below.

Also clear H&S.

ETH has become a very strange and exotic chart unique to crypto. Its very hard to judge what it will do. That said there is A LOT of empty space below. My guess is it has been in a long and perculiar topping pattern all this time that will see some impulse to the downside before the bottom is in.

Not advice.

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