What a big deception! ETH has climbed in its positive trend-channel to 340$ (dayly candles). I thought it would decline a little bit but stay in the channel because ETH had been relatively stable, even during the hype for the btc - hardfork and I thought it could do its job as good alternative to btc.
But in only 5 days it left the channel and fell in direction of the old support at 288$ (no fibb retracement!).
One can expect that the support will hold and the price will rise again after the hardfork (vertical line).
Or - in a worse scenario - the price falls on ribb retracement 38.2% at 274$ - and is rising afterwards.
These two scenarios are positive in the long run. And the hardfork will take place in only 3 days! So pay attention!
IF - in the case either the support and fibb retaracement won´t halt - then ETH is expected to going much deeper. Look at Fib Retracement!
But in only 5 days it left the channel and fell in direction of the old support at 288$ (no fibb retracement!).
One can expect that the support will hold and the price will rise again after the hardfork (vertical line).
Or - in a worse scenario - the price falls on ribb retracement 38.2% at 274$ - and is rising afterwards.
These two scenarios are positive in the long run. And the hardfork will take place in only 3 days! So pay attention!
IF - in the case either the support and fibb retaracement won´t halt - then ETH is expected to going much deeper. Look at Fib Retracement!