Hi all, I am back
We are definitely seeing ETH fall, and I predicted in on Feb 27, way before than the "hacking alerts" of this last days. Here is the post:
Now... we can see that the massive H&S is almost complete. This is not new, I reported it several days ago and others have been seeing it. In fact, I did a minor adjustment to the neckline.
As soon as this formation is complete, we will see some resistance because three lines are converging. The purple line that is the bottom channel that comes from last year, the $620 line that ETH has knocked 4 times since it start to grow in Dec 17 and the H&S.
the busllish momentum haven't succed and green bars are becoming smaller. MACD is clearly going to a bearish cross and RSI is decreasing from mid February.
So my friends, this will go down to the $450 range, square up with the past and start a nice journey to the sky. It will not be as vertical as we all might want but will be a sucessfull constant grow.
Good Luck and God bless you all.
We are definitely seeing ETH fall, and I predicted in on Feb 27, way before than the "hacking alerts" of this last days. Here is the post:
Now... we can see that the massive H&S is almost complete. This is not new, I reported it several days ago and others have been seeing it. In fact, I did a minor adjustment to the neckline.
As soon as this formation is complete, we will see some resistance because three lines are converging. The purple line that is the bottom channel that comes from last year, the $620 line that ETH has knocked 4 times since it start to grow in Dec 17 and the H&S.
the busllish momentum haven't succed and green bars are becoming smaller. MACD is clearly going to a bearish cross and RSI is decreasing from mid February.
So my friends, this will go down to the $450 range, square up with the past and start a nice journey to the sky. It will not be as vertical as we all might want but will be a sucessfull constant grow.
Good Luck and God bless you all.