FrankieArnell

are we heading to $350 or $310? (my opinion/prediction)

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Hello all, i hope you're all well and have had a good week trading thus far!

Now i wasn't going to do a chart on ETH but after a few requests i decided to have a look at the chart and noticed a pattern so i thought it was worth mentioning to everyone incase some people have missed it.

Now i have noticed that ETH has been creating multiple high lows the past month
Level 1- $270
Level 2- $275
Level 3- $284
Level 4- $290
Level 5?- ($310 is my prediction for new support)

As i am writing this ETH is currently at $330.

Now my personal opinion is that we will see ETH fall back down and create another high low at the $310 mark which will be roughly a 6% drop (date 20th/21st), I then believe once it has tested the new high low it will go on to break the $350 resistance within a month, as i don't think it currently has enough fuel to break through the resistance at this point in time, i shall however re-asses the chart in 3 days time as i believe if it does break through the $350 mark it'll happen around about the 18th of this month.


Thats all i have for today, so as always do not make any financial decision's based on the information/opinion/predictions i provide, i hope you find my opinion/view useful in some way or another. peace out! any feedback/suggestions you have (good or bad) please post it in the comments, its much appreciated thanks! safe trading!
Pretty much got this bang on, well done great analysis
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good strategy haha ,, open positions both sides... one way it will go ,, haah noob
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@usmanshahid, hello sir, i take it you didn't read my opinion but that's okay, i personally thought it would test the $310 mark before reaching the $350, but as i said in the post if it did however go onto the $350 mark it it would happen around about the 18th which it has, so in that sense i'd say i was pretty accurate
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FxTicks FrankieArnell
@FrankieArnell, true ... sorry i take my words back.. goodd luck ,,,hope u r in this bull train
+1 Reply
@usmanshahid, that's okay, good luck to you also sir and indeed i am, its good to see ETH have a nice run!
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Thank you!
+1 Reply
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