HOLD on because this will continue FALLING
Updated
Hi all I am here following up with the ETH. And I want to say that I am not willing ETH to fall just to buy, in fact I am loosing some money as this continue falling but lets get to the analysis.
I did this post a couple of weeks ago saying that ETH was going to fall down to $630 region:
And this is happening, later I did another post with some arguments of why that's really happening:
My friends, we will go down to 640, its just matter of time. Getting to this chart: This is the 15 minute chart just to see what has been happening from 2 days ago. Multiple bear flags has been forming with later drops. This drops takes the RSI to overselling and then new flag is formed to bring the RSI in.
At this point, MAC is doing the same pattern than the previous times.
Summary, ETH is going to the purple line which is the long term support. It's going to bounce up and then drop again to square up with last year flags.
Good Luck people, trade on your own risk.
I did this post a couple of weeks ago saying that ETH was going to fall down to $630 region:
And this is happening, later I did another post with some arguments of why that's really happening:
My friends, we will go down to 640, its just matter of time. Getting to this chart: This is the 15 minute chart just to see what has been happening from 2 days ago. Multiple bear flags has been forming with later drops. This drops takes the RSI to overselling and then new flag is formed to bring the RSI in.
At this point, MAC is doing the same pattern than the previous times.
Summary, ETH is going to the purple line which is the long term support. It's going to bounce up and then drop again to square up with last year flags.
Good Luck people, trade on your own risk.
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