Summary
ETHUSD has just reached its Target 2 zone this evening. My last update on ETH which i posted few days back (click here) was when we reached target 1 of the Head & Shoulder pattern.
ETH price action has played out exactly as i mentioned in my previous update i.e to expect a small bounce up before the price goes down toward target 2 zone. That is appoximately $300 ride down since my first post on ETH pattern.
What next?
I think this support zone of 560ish which is Feb 2018 low will be tested real hard by bears. BTC also looking bearish will give overall cryptomarket a bearish sentiment which could make ETH make new lows lower than 560ish level. MACD is just crossing towards downside.
If you like this post please upvote, follow and Resteem this post, You can also follow me on twitter to get instant updates @tradewithtechie
Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
look close with an open mind with what these people are doing with open source smart contracts and passive income.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
Nice analysis, I did a similar update on ETH recently but with an ABCDE correction. The last spot to hit should be the 560-600 area. Followed you since I do crypto TA updates as well!
Thanks, followed you back. Would love to see like minded people analysis.
This post has received a 16.01% upvote from @lovejuice thanks to @tradewithtechie. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.