Kelly_John

Etherium going down after breaking through long term support

Short
COINBASE:ETHUSD   Ethereum
8
Etherium was unable to hold the lower support of the logarithmic channel it had followed since last Christmas. I expect Etherium to return to the 61.8% fibonacci retracement at 215, and possibly to the 78.6% at 158. The descent may be slowed by a support line on the non-logarithmic chart, but I believe it will be unable to hold as the longer term log channel has been broken.
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