ETH downtrend to continue - but could turn bullish soon
I plotted this chart yesterday morning, has been tracking nicely. Published first on /r/ethanalysis
ETH should find a support between $235-$250. It could either be a slow drop of move up to $270, before dropping to $240-250 and finally breaking the downtrend and potentially moving up again.It could either reverse at $240-250 or if it breaks lower than the trend line, I think it could travel all the way down to around $180..
How it evolved:
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I'm not a trader, just experimenting with the chart.
ETH should find a support between $235-$250. It could either be a slow drop of move up to $270, before dropping to $240-250 and finally breaking the downtrend and potentially moving up again.It could either reverse at $240-250 or if it breaks lower than the trend line, I think it could travel all the way down to around $180..
How it evolved:
1.
2.
3.
4.
I'm not a trader, just experimenting with the chart.
Note
Update:Prediction seems to be working:
Note
Any thoughts on this?Note
We broke that support line, so I'm neutral at the moment. It could be that we test $180-200.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.