As you know, I've been very bearish on #ETHEREUM for the past few weeks (and still am). There hasn't been any strong commitment from the bulls yet, as I can't find any bullish signs.
However, I can totally see that a huge falling wedge is forming, which could mean that ETHEREUM could be trading above $300 soon!
Signs that will confirm a bullish movement: 1. Lows are not broken 2. A breakout to the pattern 3. Higher highs are formed
Keep in mind prices can trade within the falling wedge pattern for the next few weeks. This mean we could see $100, $80 etc. soon.
- I'll keep this idea updated.
Happy trading!
עסקה פעילה
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The first sign for a bullish movement has happened - A breakout to the pattern!
Lets see if #ETHEREUM could make a new high and breakout $225 level.
Great - thank you. Love the follow-ups to the analysis as time passes
ChrisSlavin
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I think BTC is going to drop down to the bottom of it's downtrending range again (starting now) and drag ETH down back into it's downtrending range as well. Thoughts?
A target of $300 would also coincide with a 618 on fibonacci. So pretty good call. Watching it closely... watch out for the weekend dips - been noticing this the last few weeks.