I'm having a little bit of trouble understanding your trend. For me seams that prices are attracted to smallest circle. What is attracting those prices there, how did you determined lines for circles? Are you incorporating fundamental into it as well?
UncannyDeduction
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@NorthBlue, I'm also trying to understand my own charts. :)
Well these circular Fibonacci was created in the other Ethereum idea I posted, this one below, where they gradually appeared at their current positions.
The one you see interfering with the price as we speak I created September 9:th and haven't moved it since... :)
JeeKang
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and always thanks for your charts. :)
JeeKang
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is any possible to go to below $188? if btc might go to $2200-2400, i think eth/usd should go lower.
UncannyDeduction
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@JeeKang, $175 is another good price I found matching well into the long term Ethereum chart. It's the blue dashed line in the chart.