A bearish pennant is forming on the 61.8% Fib. If the bears win this round, we may see the price retrace to $258.
expect the second hard fork of ETH. Let's see what happened
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Ethereum : I've entered short at 257
The cross is turning is way soon high market pressure will lead it to lower price maybe a good opportunity to enter slow and accumulate short positions.
Wait until wave C is finished then go long. No trade for ETHUSD right now. Trade with care, traders..
I am practicing harmonics so please feel free to give constructive criticism and helpful information. I believe I see a Bearish Crab Forming on H4 timeframe, Still not sure at this point but using simple raw price action, pattern/trend analysis there are many possibilities here.
- ETH's valuation traveled too high and too fast. - Too many people believed prices go up and never down. - ETH's singed wings will return it to a healthy low. - If auspicious, ETH will hit its LOW as XBT takes off for a new HIGH. - ETH low = 100 - XBT high = 3650