Nickonomics

Ethereum (ETHUSD): Correction May Not Be Over

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Previous buy signals for Ethereum             were quite successful (see links below). It all began here:
Pay attention to how closely price followed these projected levels.
Now my view is that this correction from ^ATH of $412 is likely to continue below $300. To resume the uptrend we need to break out of the pitchfork . Important price levels are drawn on the chart.
Comment: Main correction target reached below $280. Fresh update imminent.
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@nickonomics - oops ... just realized TradingView IS a charting package haa! Silly me.

Looks sweet - I'm gonna get it.

Peace
+1 Reply
Moreair Moreair
@Moreair,

Looks like my first post didn't stick since I didn't have an ID yet. I had asked what charting package you were using to view Ethereum, but then realized TradingView IS the charting package. Anyway, I'll shut up now. Moreair
+1 Reply
@Moreair, IMO, TradingView is THE charting package a serious analyst needs nowadays.
Reply
Wow, so accurate!!!! Do you think the dip is over?
Reply
VoidBank sgemini
@sgemini, Im very sceptical for now. @Nickonomics what's your opinion?
+1 Reply
Taar1979 VoidBank
@VoidBank, i think it will go down to 180$-190$ if history repeats....we're not yet there. Look up historical charts and compare them
Reply
sgemini Taar1979
@Taar1979, I think the dip is over, I've just lost (some) ETH (panic rebought because the further dip I was expecting doesn't come and we're almost out of the fork). Be careful, in the last dip I lost more than I would've wanted because I though the correction wasn't done yet.
Reply
@VoidBank, it's actually fine now. There is a bullish H&S bottom pattern developing on intraday charts:
+1 Reply
This is something! Like predicted. Thanks!
+1 Reply
sgemini VoidBank
@VoidBank, indeed! Any updates?
+2 Reply
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