Ethereum - catch a falling knife Long

Ethereum / U. S. DollarKraken

Description

⋅ Sep 15, 2018 4:42 AM

At previous analysis we success to catch a falling knife and buy at $185, congrats.
if we look at major pattern, we have 21 degree double parallel channel with 618 median line, and ethereum still inside this pattern.

After reach symetrical triangle projection at previous analysis, ETH perform mini channel down, and this channel already break up at 185.
after break up mini parallel channel down, ethereum perform bullish flag pattern, and now still inside the flag.

we can follow bullish movement if ethereum reach flag support at $200, and aim for classic support and resistance line at $250 with maximum target at $300.

to understand more about this analysis, check our daily video analysis.

previous analysis :

Trade active

⋅ Sep 24, 2018 7:54 PM

this analysis close, ETH cannot break up bullish key level.
We will update new analysis today

Comments

BattleReady

⋅ Sep 15, 2018 9:40 AM

Yes I'm calling it also. Possibly $100-$115 main bottom after $238 local top.

kryptowavetrader

⋅ Sep 15, 2018 6:46 AM

Great idea. I think ETH may more downside left to around $140

Ickiameo

⋅ Sep 24, 2018 1:20 PM

Dian do an analysis of a crypto p2pb2b.io/trade exhange. would be great to see what you think of it and the trading on it..

Edgy_

⋅ Sep 15, 2018 4:49 PM

Thank you for your work Dian. Ethereum has right now broken a beautiful ascending triangle to the upside, have a look:

fract

⋅ Sep 15, 2018 8:47 AM

Price touched the bottom support line.

allkrystals

⋅ Sep 15, 2018 7:46 AM

One thing I can tell you: "Yes, exactly". :) And I think ETH will return back to bottom after hitting 250-300 target.