🌟 Ethereum Technical Analysis 💰 Fall is Coming... 👎
Hello Steemians , Bitcoin Reached our Forecast , now it's time of Ethereum.
Ethereum Signals Negative and It Will Go Down.
But How much ?
what is the next price?
For answer , Let's see ethereum charts and Technical analysis.
This analysis provided by Elliott Waves , and i belive it will happen. just test it.
Hourly Chart:
overal look :
a little zoom :
As you can see there is 2 different wave , let's see another chart.
5 Minute Chart:
overal look :
a little zoom :
zoom again :
With a little care you can recognize the future of the market from the above charts.
Let me summarize what will happen :
price base : btc-e.com
in short term (daily period) Ethereum will Go down (first target: ~ $329)
after that , Ethereum will go up (first target: ~ $355) and in longer term we have a target on ~ $375
and After a few days or weeks , it will Go down again (First target : ~$330 and maybe ~ $295)
attention : All charts signals negative in long term and in all charts we have target on ~ $295 , So i think a Fall is coming...
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Thanks for the technical chart, so when you are lookjng at 5 mins and hourly chart, is that meaning the eth will fall for short period of time? What about the longer term? It seems to me that eth holds out of pervious drop pretty well, my only concern would be the difficulty to mine eth has been incresing too quickly.
ethereum will fall in long term too ,
as i said , first target for long term is ~$295
Thanks!
But then there's the human factor and the market volatility that's influenced by Asia. I feel the fall coming, especially after the news of HF19. Now you've gotta ask yourself: what will further news about HF19 do the market? Will people bail out of BTC and move to ETH and LTC? Hindsight is always 20/20, but the future is fuzzy!
I think such chart analyzes are nothing but reading coffee grounds