Ethereum seems to be in a descending broadening wedge. Same pattern as in Juny/July. If it follows same pattern we will potentially fall till 240 Dollar pro Ether.
What Support this idea:
The EMA 50 is falling like a diver on the EMA 200. A cross would be catastrofic.
As I previously showed when price dropped under the EMA 200 in Novemeber 2016, we assisted to a fall of the Price proportional to the Price drop from the ATH to the EMA 200. this would also lead the Price to around 270
BIO
What Support this idea:
The EMA 50 is falling like a diver on the EMA 200. A cross would be catastrofic.
As I previously showed when price dropped under the EMA 200 in Novemeber 2016, we assisted to a fall of the Price proportional to the Price drop from the ATH to the EMA 200. this would also lead the Price to around 270
BIO