krakatoa

Possibility: ETH to ~186 in approx. 12 hrs

krakatoa Updated   
KRAKEN:ETHUSD   Ethereum
If this bear trend continues, ETH may reach ~186 in about 12 hrs, at which point I think it has a good possibility of having a small rebound to ~195. I don't think this rebound will last, however, and ETH will continue its downward trend, perhaps on a journey leading to ~150.
Order cancelled:
Well.. it seems the pattern was followed, but sooner and at higher levels than what I expected from these charts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.