Ethereum Thoughts and Technical Analysis
Hello there!
Let's take a look at Ethereum.
Ethereum
Just a quick recap in order to predict a possible scenario. Ether hasn't started a new trading day below the upper trend line for the past 36 days. Today, as you can see on the chart, Ether did start below the line and it may drop even further in the next days. Hopefully it will not but, in case it happens, it's better to know where it may stop. On the chart you can see my previous two trend lines as a possible support. Keep in mind that the lower one (that crosses $200 as well in case of a big drop) was a pretty strong one, much stronger than the one in the middle.
90 Days Chart - Ethereum US Dollar
Let me know your thoughts in the comments.
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Ethereum website
https://www.ethereum.org/
Even in the worst case scenario of ethereum dropping to the 200 dollar level, it's still an upward trajectory, and I will be buying all day at that price!
Agreed.
Good post. Upvoted and following you now.
I write on a daily basis about Precious metal and other events including cryptos. Feel free to check it out. Just today, I mentioned that Ethereum after consolidating will start to go up.
https://steemit.com/turning-point/@ajain/important-turning-point-today-june-21-2017
Thanks. Following you too.
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Good analysis, ether predicted will drop in the next few days.. but also predicted will go up again even more than it last peak value.