Hope you had a good weekend! As you can see Ethereum has formed a bearish head&shoulders pattern and the targets are set to $260, then $230. Although I its looks very bearish to me in the medium term, however, I will post an idea later on.
If Ethereum breaks $320, then my outlook for it will change from Bearish to Natural.
Appreciate your likes and comments, and please feel free to share your thoughts!
- Abdulla
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ACTIVE! - Lets wait for a confirmation candle (close below trendline)
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Down we go!
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Strong reversal, if ETH breaks $320, then the structure has failed to reach its full target.
Hello @AAlFadhala and thank you for your trade perspective and chart insights! I have been watching your ideas for a couple of weeks now, including the ETH bearish movement you predicted. It seems that the movement has reversed and ETH price is increasing, although I doubt that the coin has enough support at these levels. What do you think are the chances of ETH plunging to $250-260 in the next 2 days? (considering that BTC will most likely take a hit after the hardfork)
RyanFonseca
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Ive been following you for a while and i like the way you see the charts, i have to ask tho, could you possibly have had the resistance wrong by 7-10 dollars and its actually sitting on its resistance line now? It seems to keep bouncing off 282/283. Thanks
YOBRO220
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good job brother
toothpasta1
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Thanks for this...can't wait to get some discount ETH!!!
sjavera
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Great analysis! Interested in your idea. Trying to determine the bottom for this run.