COINBASE:ETHUSD   Ethereum / U.S. Dollar
If we take a look at ETHUSD in last half month we will notice two stupendous signs can make us expect what it will do
ETH goes in parallel channel except for 2 days upside and downside, Volume extremely high outside the channel,
By drawing simple trendline begins at the top @ 875 $, we can expect that it will touch it very soon
then what !!
We have to watch carefully ETH while moving up and touching the blue trendline if it breaks it up as a first step we will moving to the second step which is breaking the parallel channel , OR ETH REBOUND and then we will wait for @650 $

Thank you
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Comment: ETHUSD trying hard to break our trendline but looks hard like a rock

We expect trying hold 0.5 fibo ret. @710
If ETH can't hold, it has to take some back steps then run to can break it. we may see fall to 671$ (0.382 Fibo ret. ) to get momentum to break up

ETHUSD break the trendline up, that's very good but couldn't go outside our rectangle
Now our trendline and 0.618 Fibonacci retracement point @729 are supporting for ETH
So it Will touch 650 and will go Up??
+1 Reply
AnaKingKong eliaspenayo
@eliaspenayo, read update
eliaspenayo AnaKingKong
@AnaKingKong, thank you
Thanks for this idea. For now eth bounced back from the trendline. Seems like its in need of help by bitcoin.
+1 Reply
Thanks for sharing
+1 Reply
AnaKingKong ThankUKind
@ThankUKind, you are welcome, Happy new year :)
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