Hi Folks,
Markets are correcting pretty hard these days .. it is to continue still I believe :-)
talking about belief here is an idea for the ethereum salvation ;-)
Couple of things to consider:
ETH left the ascending channel and got into descending channel.
ETH is diving in a triangle formation. the 2nd clone triangle reveals where price will end up.
Notice 3 dotted line which represent 60%, 70% and 80% price retracement respectively.
I believe price will retrace around 70% ret line area, that is $120-$140 area.
when: around the vertical blue line mark (it represents 1st august timeline).
Let's see how It goes :-)
BL
Disclaimer: Ideas I share are for pure demonstration based on my own research and/or charting. One should do the due diligence researching before taking decision to invest.
If my ideas brought you wealth and happiness and wished to share some with me, feel free ;-P
BTC: 16qTPwgnK1kiNRDQe9UYy9GpaQ3z48u7E7
ETH: 0xecf24423cdbf32246fb91c674c686fce2942b4c9
Sia: f4b44cdfb0b5a84388d9a1d5019b31bfe3e6ebee31de72712a5878e659a70e0f368afff9e44
Markets are correcting pretty hard these days .. it is to continue still I believe :-)
talking about belief here is an idea for the ethereum salvation ;-)
Couple of things to consider:
ETH left the ascending channel and got into descending channel.
ETH is diving in a triangle formation. the 2nd clone triangle reveals where price will end up.
Notice 3 dotted line which represent 60%, 70% and 80% price retracement respectively.
I believe price will retrace around 70% ret line area, that is $120-$140 area.
when: around the vertical blue line mark (it represents 1st august timeline).
Let's see how It goes :-)
BL
Disclaimer: Ideas I share are for pure demonstration based on my own research and/or charting. One should do the due diligence researching before taking decision to invest.
If my ideas brought you wealth and happiness and wished to share some with me, feel free ;-P
BTC: 16qTPwgnK1kiNRDQe9UYy9GpaQ3z48u7E7
ETH: 0xecf24423cdbf32246fb91c674c686fce2942b4c9
Sia: f4b44cdfb0b5a84388d9a1d5019b31bfe3e6ebee31de72712a5878e659a70e0f368afff9e44
Continuation of above idea: Please NOTE that ETH is to plunge back to lower levels after the bounce. to the area of $100 -$120... may be even lower afterwards.
Cheers.