Aspen Grey here, hoping my transmission reaches Earth on time!
ETH is clearly in a major bearish pattern that will help fulfill the head and shoulders type pattern you can see on the higher time frames and also in the picture I have published.
In the past, the shape has stopped at the first of supports, like our 1780 line. But the price is also likely to fall if that support will not hold and most likely hit the bottom support I have depicted at 1680.
Then it's either bearish winter hell, which could push us further into the depths but let's hope these institutions keep pumping our coins and maybe we will see an ATH this winter.
Much love! Aspen Grey
Trade active
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Closed my first short positions at 1760. 1680 here we come!
Trade closed: target reached
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Original structure was completed as calculated, now if you take a look at the historical fractal patterns that are similar I believe we are in for a downward slide.
My Estimated Key Numbers: -1640 -1600 -1500 -1440
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ALSO:
Zoom out to Day and throw on the EMA 50/200 indicator. Death cross for ETH incoming.
Will also take BTC down with it just as conversely BTC pulls ETH up.
Good luck, humans!
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Gosh dang did this hold up well!
Hey Earthlings!
Seems as though my analyses had some merit to them as we have been sitting near 1640 for some time with our lowest traded range right at about 1600 there for a few hours earlier last week.
I am still fairly confident we will be seeing my last, and lowest estimated target hit which is 1440.
I'm almost sure the big "drip" will drop a bit lower at first but personally if I want my trades to for sure hit when I may or may not be able to super attentive, I set it a bit higher at a seemingly supported range so my trade isn't lost in a gigantic overfilled orderbook!
Good luck, traders! ^__^
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Here comes 1500 :3
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We’ve been hovering our old, already hit target 1600. I’ve witnessed this type of secondary price hover with the lack of support which is clearly seen in the volume, it goes down. Next 1500?