ETH will keep going down.
Updated
The bounce seems to be over with a perfect touch to the first fib level.
Also, by now it formed a great bear flag, which suggests another leg down, roughly around the same hight.
That would be around 0.020-0.025
Also, by now it formed a great bear flag, which suggests another leg down, roughly around the same hight.
That would be around 0.020-0.025
Note
Well, the NYtimes news kinda messed up this prediction. Bounce went up to a higher fib level.
But it seems the hype is over now and as soon as the descending triangle at top resolves, downwards movement will continue.
Target also has changed imo, I have my eyes on 0.021 now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.