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As charted, one last drop?
ETH has dropped as my last post suggested likely.
At first, the drop resembled the worst-case, but ETH soon recovered (as did the market). This leads me to think the second scenario is likely and $144 will be hit.
If we look at prior price action, there is really no real support (as in 2017 ETH saw ICO-driven irrational exuberance).
As its price drops, people ...
As charted the resistance levels and one support.
Shooting star pattern likely, and it could be followed by another, weather attempt to break up but will likely fall short of today's high.
The current state of affairs wrt ETH is such that it's hard to see which level would be the bottom.
$145 remains an interesting level.
My original arrow (green), which was quite pessimistic, has been proven too optimistic.
The fundamentals of ETH is being questioned, as known issues wrt scalability aren't yet resolved.
I draw now three orange arrows. The ...
I'm posting a video on YouTube to explain this in more detail. The overall idea is that EOS while being an ambitious project in the near future is clearly going down in price.
After breaking down of the critical level I mentioned last time, it's going lower. $<2 possible
I'm posting a video on YouTube to explain this in detail. The overall idea is that most targets have been hit. One last potential stop would be $145 (or under, not guaranteed).
I'm posting a videon on YouTube to explain this in detail. The idea is that we may be seeing a descending triangle & a breakdown.
Of course, this last bounce is not guaranteed.
As charted, at most one last bounce before reaching the final post-crash level.
Watch closely as people lose faith & sell their portfolio. Time to buy is close.
While I like its fundamentals, price movement has more immediate factors.
I'm uploading a YT videos to discuss this
Btw, BCHBTC has reached 0.1 ---> no longer a good idea to short BCH.
Two possible channels
Considering the fundamentals of EOS, both are really possible.
I'm uploading a video on YT to discuss it
As charted is the question
Supporting this hypothesis:
Inverse H&S target reached
200D & 350D MA resistance
Lots of hope & bravado from bulls
Still no volume
Best entry would be 8.5k (look at the green 200D SMA on this chart)
Personal opinion only
Low volume pump + fomo
Not good entry now, but could be a good short entry if 8.3k is reached
Not the best time for speculation
Could also be double top
Middle of the pitchfork
Can go both ways, but probably down
The two circles
Simply continue with the trend identified in previous posts: downtrend != red every single day
Target $5.2k then a wave up before the final selloff