OH NO! ETHEREUM About To Take a Head Dive Down to 580 USD!
Updated
Hey Friends
D4rkEnergY is a big fan of Ethereum, but it still doesn't look very promising at the moment. D4 has mentioned it before: There are a clear correlation between how many ICO-deal offerings there are out there and the ETH-price. With the uncertainty in the market lately, a lot of ICO's have postponed their coin collecting, because people are less likely to invest when they don't feel comfortable. That's the reason we have seen ETH fare so badly compared to BTC.
But let's take a look at the 4h ETHUSD Chart. As you can see we fell, as expected, through the HS pattern. D4 gave you the warning in the last update. Now a bear flag has taking form, which predict we will go even lower. It will be super hard for Ethereum to get out of this trap due to the EMA50 and downtrend resistance line above head even though we have found some support on the orange uptrend line.
D4 also wants you to take notice of the ascending wedge on the RSI. A bearish MACD-Cross is also on its way.
What is even more problematic for ETH is the lack of support levels. Everything is unfortunately pointing downwards, and if Bitcoin will fall lower (which we can expect) we will very soon see ETH reach mimimun 580 USD.
Again. D4 doesn't want you to scare you to death. We will come back again, but we just need a bigger correction after the crazy bull run we had in December and due to all the FUD lately!
D4 loves you <3
Please remember to HIT that LIKE-BUTTON. It means a lot to me - thank you, my dear friends. And remember WEDNESDAY <3
D4rkEnergY is a big fan of Ethereum, but it still doesn't look very promising at the moment. D4 has mentioned it before: There are a clear correlation between how many ICO-deal offerings there are out there and the ETH-price. With the uncertainty in the market lately, a lot of ICO's have postponed their coin collecting, because people are less likely to invest when they don't feel comfortable. That's the reason we have seen ETH fare so badly compared to BTC.
But let's take a look at the 4h ETHUSD Chart. As you can see we fell, as expected, through the HS pattern. D4 gave you the warning in the last update. Now a bear flag has taking form, which predict we will go even lower. It will be super hard for Ethereum to get out of this trap due to the EMA50 and downtrend resistance line above head even though we have found some support on the orange uptrend line.
D4 also wants you to take notice of the ascending wedge on the RSI. A bearish MACD-Cross is also on its way.
What is even more problematic for ETH is the lack of support levels. Everything is unfortunately pointing downwards, and if Bitcoin will fall lower (which we can expect) we will very soon see ETH reach mimimun 580 USD.
Again. D4 doesn't want you to scare you to death. We will come back again, but we just need a bigger correction after the crazy bull run we had in December and due to all the FUD lately!
D4 loves you <3
Please remember to HIT that LIKE-BUTTON. It means a lot to me - thank you, my dear friends. And remember WEDNESDAY <3
Note
Still not looking good for ETHEREUM! Please take a look at the volume bars. We haven't had a single bullish bar with more than the MA20 volume the last 56 hours.We are lacking trust in the market. If Bitcoin not shoots up like a rocket, it will unfortunately just be a matter of time, before Ethereum will fall down to 580 USD.
Remember to give a BIG LIKE. I really do appreciate it. Thank you, my friends :)
Note
So Ethereum is also going down. Obviously not surprising. As you can see, both BTC and ETH has the same bear flag pattern. At this very moment ETH has found support on the uptrend support line, but it will just be a matter of time before we will fall even lower, if BTC continues dropping.D4 will follow up on this later! Thank you so much - please give a LIKE <3
Note
D4rkEnergY has been extremely accurate in this chart. As you can see we went into a feel fall as predicted and now are around 580 USD, as I said. Unfortunately for Ethereum, we will probably go lower. There is not really so much to say at the moment. Bitcoin dictates the market like a super dictator, and most of all the other altcoins are just following at the moment.
Please give A BIG LIKE! There will soon come a new chart - love you guys <3
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