veerakumarnice

ETH still has a deep dive down

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD
Based on the previous bear market patterns ethusd still has a much more way to go down suggesting a downwave upto 100 dollar range. This may sound crazy but the downside target could be expected in a couple of days.
Sep 11
Comment: Could Even have dip to 4.764 extension (extreme case) upto 42 dollars
Sep 11
Comment: If you want any confirmation candle buy eth when it closes a first candle above 4H 9 ema

Dec 09
Trade active: Finally the buy zone i'm waiting for is here :)

Comments

if eth go belows 150 it will go to 0, cos minners are ALREADY shutting down, no profitability anymore, AND no minners, no crypto world.
+1 Reply
llertas Karonte
@Karonte, You are right! ETH mining is already not profitable (except in China) and after Constantinole fork in October, there will be only China. If the price drops below 150$, ETH will become the most centralized coin, if it survives running on such few miners... Things would be very very bad!
+1 Reply
@Karonte, have a look at this. Everyone wants it at 150 but it could go deep below with instant reversal creating a long wicked doji. Hitting 100 to 110 is still having much more probability based on the retracement levels of this dump.
Reply
Nice chart bro! I've also seen Dude's analysis on ETH that I really loved. You should check it out and see what you think!



Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out