If this bear trend continues, ETH may reach ~186 in about 12 hrs, at which point I think it has a good possibility of having a small rebound to ~195. I don't think this rebound will last, however, and ETH will continue its downward trend, perhaps on a journey leading to ~150.
Possible ETH Behavior up to August 1st (and beyond) using Gann Square ETH continues its bearish tendencies it seems. It may fall through the blue arc in a severe drop to the first arc. Potential entry here (green circle) with an exit (red circle) at the 1x1, which ETH is unlikely to punch through upwardly in the near term.
Using the Gann chart, I think we could see ETH bottoming-out 185-173. According to this setup, it doesn't seem that it will go lower, but rather the bear trend will reverse and hopes will begin to soar again. The red circle shows where the next rally will end and then more rallies? Maybe not and the green represents a possible buying opportunity, being at the 5th...
Expecting growth for btc. Volume rising, the correction was stopped by 38.2 fib level. But watch it close at the end of july - start of august cause of possible hard forks, cause its hard to predict what can happen with price at that time.
Another triangle forming for BTC. Last time there was a down breakout and the price moved from 2500 to 2200. Lets see what can this triangle and h&s patterns bring today.
After yesterday crazyness let's get our head back to the game... Let's face it, Bitcoin (and Alts in general) needed a big correction, yesterday was an energy point and regarding the outrageous rise of crypto market caps it was almost predictable. Question that remains, is it over or will we see a bounce soon? Well, from the bearish perspective of the Gann Square...
Still figuring out the Gann square; please correct me if you think i'm wrong with this one :).
apparently, the gann chart proved succesfull on the xbteur chart before. In this chart, the arcs also match quite nice with the dumps and pumps. Right now, we are still in the ressistance arc. As soon as we pass 3000 euro, the changes to return to this ressistance will be quite small and a supermoon to 6500 euro would become reality. On the other hand. since we...
This is how I see scenario of XRP trend continuation. More comments later.
After the rally from 45.5 to 49.60 (big completed gann) , i am expecting some retracement on it, it looks like the retracement has already started. Oil has the tendency to retrace at least 50 to 75 % of the rally. In this case the 50 percent of big move is around 47.5. As long as the price stays below the high of 49.6 i will be interested to short this below 48.6...
www.tradingview.com Just an idea. Using Gann square. Points drawn from Low December 2015 to low December 2016.
so far 1225.xx has been blocking the upmove on this one. I will be interested to sell this below 1218(aggressive 1219) for targets 1213/1207 or double arcs. This idea will be invalidated if the price goes above 1226 . Note: this is not a trade advice, please do your due diligence before placing the trade.