We are heading to 210 or 866. Currently we are sitting right between those numbers. I do lean a little bit bullish right now after my pre-H&S got invalidated, but it can still easily form a head (I redrew it).
Anyway, I'm like 55/45 bullish/bearish.
Some may like those odds and buy, but it's not worth it for me.
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The 866 number makes sense if you look at ETHBTC chart.
There is a resistance level at 0.88.
Ethereum can be 0.88 BTC and BTC could hit $10,000.
This would give Ethereum at 888, close enough to 866.
Right now, Ethereum needs to convincingly go above that first white box to continue the rally, if it goes below, it will go back to the H&S direction.
This is what I saw! Someone said to me it wasn’t a proper H&S, but who knows...
Btw... Is it possible that it goes to 0 dollars??? I can see it coming... :S
UnknownUnicorn1000353
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@Andbcoin, It's possible, but not very likely. You can't really look at a chart and determine whether something will go to 0. There needs to be fundamental issues. The H&S pattern may create a 0 target, but patterns don't always play out how they should. That said, I still lean bearish on Ethereum and the entire crypto market.
I do think it will lose a lot of what it's worth when some of the projects on Ethereum go their own path with their own blockchain.
Btw... Is it possible that it goes to 0 dollars??? I can see it coming... :S