I’ve been following the price of ETH closely for the past couple of months, and narrowed the trend inside a Fib-channel.
The price followed a downward curve now almost approaching its bottom shown in the chart.
The green box is the area where I expect the price to reverse going into 2019. Price range $110 to $75.
We could go up from here, a backtest of $100 seems likely at this point.
Linear chart:
The price followed a downward curve now almost approaching its bottom shown in the chart.
The green box is the area where I expect the price to reverse going into 2019. Price range $110 to $75.
We could go up from here, a backtest of $100 seems likely at this point.
Linear chart:
Comment:
Had to adjust some optimism. There could be a bounce from the first trendline, but this could also go lower. The $50 area looks like the next stop.