FilipeMiguel
Short

ETH short term - Downtrend will continue

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
With this new impulsive wave to the downside I must change a litle my primary count and turn it more berish in price an time. Expect some support in the 380's-400's. Let's see how will play my changes.
The bottom trend line is not lined up correctly. Line it up A and W. There is a lot more room for downward movement. I see resistance at 400, 201 then 80. Eth is in trouble. Most of the shitcoin scams are ether tokens and their unloading them. Btc user adoption, search and market cap has plummeted. Overvalued. Deathcross is real. Btc will take ether down with her.
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FilipeMiguel jazzman4u
@jazzman4u, thanks with your comment and in the next charts I will drawn it in different way. For me two points make a line but not makes a valid trendline. The lines I made only serve for time space orientation.
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jazzman4u FilipeMiguel
@FilipeMiguel, To determine time and price line up the fib, bottom trend lines and channel. Every time a trendline breaks, line up the next trend lines. This is just my mojo.

https://www.tradingview.com/chart/8l1TX1A7/
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