I performed an analysis on the pattern of Ethereum falling from a peak (1), reaching a trough (2), returning to a local maximum (3), and then returning to a start point for the next cycle to occur (4).
Based on this study I predict the next positions (approximately).
1. $520 (Blue) -- Starting line
2. $405 (Red) -- Buying Line
3. $475 (Green) -- Profit line
4. $355 (Red) -- Buying Line
This is not financial advice this is just my opinion of how I think it will play out. Please let me know your thoughts.
Based on this study I predict the next positions (approximately).
1. $520 (Blue) -- Starting line
2. $405 (Red) -- Buying Line
3. $475 (Green) -- Profit line
4. $355 (Red) -- Buying Line
This is not financial advice this is just my opinion of how I think it will play out. Please let me know your thoughts.