Ethereum (ETH) Price Update: Breakdown Price Target
Hi guys!
Here are my thought on Ethereum for today.
ETH - Daily Chart
Tools used: Fib-Channel, Trend-Based Fib Extension, Stoch RSI and Trendlines
This an update from my yesterday's post. Stoch RSI indicates ethereum might go even lower into the oversold zone. I have a feeling that the candle might close just above the 0.786 fib level.
However, the wick might breakdown even further that this 0.786 fib level. And I wouldn't be surprise if we see a $500 ethereum price soon.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
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