Hi my friends,
As you remember my last ETH Analyse i mentioned there that we will drop hard soon and i draw a H&S there that have target around 300 but we drop more and as i said we made a new low after ETH all time high.It's funny,last time that BTC made a new low in ETH we didn't have a same thing but this time before BTC even reach its last lows we made a new record in ETH.It's seems ETH's pride caused it to damage more.
But i pretty sure that this lows won't stay very long and we are close to reversal.
In chart i draw many blue lines that are ETH potential supports and i am sure it will bounce on one of these.I said this is but time in my title,maybe we go more down but nobody knows where is final destination and BTC next moves will change everything again but you have to be ready for buy ETH.Those who want it for a long term investment can buy it even sooner but short term traders need to wait and monitor BTC and ETH chart together for a creditable buy signal.In chart we have a similar situation like BTC.A important RSI zone,a broadening wedge.But in ETH chart i see a crash from my long term channel that is very dangerous,it mean in next BTC's move down we will have more vulnerability and emotional dump situation in ETH.So i suggest to be careful and if you want to enter trade don't forget a very very tight stop loss.
I will update this idea soon.
Good Luck
Peyman A
As you remember my last ETH Analyse i mentioned there that we will drop hard soon and i draw a H&S there that have target around 300 but we drop more and as i said we made a new low after ETH all time high.It's funny,last time that BTC made a new low in ETH we didn't have a same thing but this time before BTC even reach its last lows we made a new record in ETH.It's seems ETH's pride caused it to damage more.
But i pretty sure that this lows won't stay very long and we are close to reversal.
In chart i draw many blue lines that are ETH potential supports and i am sure it will bounce on one of these.I said this is but time in my title,maybe we go more down but nobody knows where is final destination and BTC next moves will change everything again but you have to be ready for buy ETH.Those who want it for a long term investment can buy it even sooner but short term traders need to wait and monitor BTC and ETH chart together for a creditable buy signal.In chart we have a similar situation like BTC.A important RSI zone,a broadening wedge.But in ETH chart i see a crash from my long term channel that is very dangerous,it mean in next BTC's move down we will have more vulnerability and emotional dump situation in ETH.So i suggest to be careful and if you want to enter trade don't forget a very very tight stop loss.
I will update this idea soon.
Good Luck
Peyman A
Comment:
Just like what i said.$30 on every ETH till now,we will see a drop soon,if new drop stop higher than last low we can form a iH&S in ETH.too.
Comment:
Now you must move your stop higher to save your profits,this trade had 27% profit before drop again.$67 on every ETH.
