In-depth technical analysis
200usd is a reaccuring number in my analysis
The ether Highs at 1440 and 1250 along with the lows of 750 and 550 have created a down wards channel
Ethereum seems to be doing a symmetrical triangle, a pattern it has done in the pass during January
The move in January went from a median of 1050 then broke out to a high of 1250,a move of 200usd
The current triangle ether is in has a median of 850 which could break out to the upper trend line which is at 1250
If ether were to break out the triangle in a bearish move I suspect we will see a short bounce at (850-200=650)650usd, followed by a further move down to 350
200usd is a reaccuring number in my analysis
The ether Highs at 1440 and 1250 along with the lows of 750 and 550 have created a down wards channel
Ethereum seems to be doing a symmetrical triangle, a pattern it has done in the pass during January
The move in January went from a median of 1050 then broke out to a high of 1250,a move of 200usd
The current triangle ether is in has a median of 850 which could break out to the upper trend line which is at 1250
If ether were to break out the triangle in a bearish move I suspect we will see a short bounce at (850-200=650)650usd, followed by a further move down to 350