I made some adjustments to my previous chart. Ethereum is still on track to meeting it's third "Valley of Death." The high expected on this third wave wasn't quite reached, although there appears to be a definitive top peak as predicted and good evidence of the beginning of a descent. I made coloured trendlines to indicate peaks and valleys of note into the current prediction. I do expect that the time frame may play out a bit longer than I've indicated, but for now I am keeping the same red vertical indicator line.
At present, Ethereum appears to be falling down into point A. I expect it will rebound somewhat into the blue horizontal indicator line before continuing the descent to point B. From there, another brief rebound before making it's final and sharp descent to point C and the third Valley of Death.
From the bottom, I expect Ethereum to bounce up into a new pattern.
At present, Ethereum appears to be falling down into point A. I expect it will rebound somewhat into the blue horizontal indicator line before continuing the descent to point B. From there, another brief rebound before making it's final and sharp descent to point C and the third Valley of Death.
From the bottom, I expect Ethereum to bounce up into a new pattern.
Comment:
So point A was hit, currently there has been some bounce into a small ascent as predicted, not quite at the blue line indicator, but we'll see.
Comment:
Ethereum still on point for my predictive chart. I expect there to be some resistance heading down into the yellow line and a brief bounce up before continuing the descent to point B.