So I was interested in knowing how ETHUSD might move down from current price, such as potential support levels and possible reactions & reversals zones. I got to looking at the 2 major peaks last year in June and September that current price was major resistance to and it seems likely that IF ETHUSD continues to fall, it could react somewhat similarly. So I copied their paths starting at current price (both leading up to (Flipped) and leading away from (Forward)) and stitch them onto current price.
So these colored lines are actual historical prices ETHUSD have followed from current price in the past.
black: 6/18/2017 to 8/29/2017 blue: 8/29/2017 to 6/23/2017 (Flipped) red: 6/12/2017 to 4/22/2017 (Flipped) orange: 9/2/107 to 11/22/2017 purple: 11/22/2017 to 9/2/107 (Flipped)
good work...looks like 140 is a good target...as i am expecting btc to drop to 3k
Levitikon
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@BlockchainYahoo, I've generally found that ETH moves about 1.25x more than BTC in it's lock step with BTC. A BTC drop to 3k would be about -55% which translates to a -68% drop for ETH which would be about $118. So yeah $140 seems reasonable.