I've been trading Ethereum for the past few months or based of my regular indicators but today since I have enough data available I decided to do a deeper analysis and I realize this cycles that have been making since the start of the uptrend I think the analysis i pretty much self explanatory but as we can see the trend line has been holding since $100 and I expect it to continue to do so if this is correct we can also notice that the % that goes up from the trend and down from the top has been dropping as we goo up therefore I expect in the short term more or less a 17% pull back from the local top which was $207 which should take us down to above $172 from which I expect a leg up to more or less $215-$220 not sure for how much longer this cycles might continue to repeat themselves but at least I'm almost certain that It'll do it a last time making my 2 targets come true good luck and happy trading.
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@bearish__bull
Follow me on twitter if you liked my analysis I share much more information on twitter.
@bearish__bull