Hope you had a good weekend! As you can see Ethereum has formed a bearish head&shoulders pattern and the targets are set to $260, then $230. Although I its looks very bearish to me in the medium term, however, I will post an idea later on.
If Ethereum breaks $320, then my outlook for it will change from Bearish to Natural.
Appreciate your likes and comments, and please feel free to share your thoughts!
- Abdulla
Comment
⋅
ACTIVE! - Lets wait for a confirmation candle (close below trendline)
Comment
⋅
Down we go!
Comment
⋅
Strong reversal, if ETH breaks $320, then the structure has failed to reach its full target.
Hello @AAlFadhala and thank you for your trade perspective and chart insights! I have been watching your ideas for a couple of weeks now, including the ETH bearish movement you predicted. It seems that the movement has reversed and ETH price is increasing, although I doubt that the coin has enough support at these levels. What do you think are the chances of ETH plunging to $250-260 in the next 2 days? (considering that BTC will most likely take a hit after the hardfork)
RyanFonseca
⋅
Ive been following you for a while and i like the way you see the charts, i have to ask tho, could you possibly have had the resistance wrong by 7-10 dollars and its actually sitting on its resistance line now? It seems to keep bouncing off 282/283. Thanks
YOBRO220
⋅
good job brother
toothpasta1
⋅
Thanks for this...can't wait to get some discount ETH!!!
sjavera
⋅
Great analysis! Interested in your idea. Trying to determine the bottom for this run.