The 1D Triangle on Ethereum has been resilient and is still preserves its neutral condition (RSI = 50.447, STOCH = 48.061, STOCHRSI = 51.467, CCI = 31.1071, Highs/Lows = 0.0000). We can only wait for the price action to direct us after this pattern breaks, which according to the overall bearish 1W trend (RSI = 35.893, MACD = -101.010, B/BP = -77.2940), should be below the previous 167.00 Low. Assuming a moderate 50% decreased Lower Low sequence, the end target is 139.80.
i know you are right because RickyParker is long right now :) But 139.8 is very low, if it get there i would look for a mental support like 100$ and at that point it would be a very good buy to hodl. For me , a retest to 200$ before it can escape the bearish trend. Can it get lower? sure, but the people at Blockchains LLC wont let that happen i think. If you missed the ETH up dont miss the ETC upside, they do the same thing using solidity programming language and the city will use the max it can from ethereum / ethclassic blockchain. They are also in EOS, but just a little bit. They dont touch tron or NEO. ;)
InvestingScope
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@sevensphere, So far it has covered half the distance. By next week it is possible to see 139.80 although sensible trading suggests taking partial profits here.