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RE: $ETH/BTC Poloniex Technical Analysis June 25, 2017.

in #ethereum7 years ago

COMMENT

Overall I am expecting ETH to enter a pretty hard downtrend and aim for the area marked with the yellow rectangle as the bottom (between 0.0578 and 0.0372 BTC).


weekly chart

On the daily I added a purple rectangle and a green one above the yellow one marking 2 areas which i see the price doing some bounces in, I added the purple and green lines as an example of what I expect the price to be doing (understand that I this is just a simulatiuon I dont expect the price to be doing exactly that in such a timeframe).


daily chart

People might argue that ETH just started, but I'm here giving my perspective only from the charts, no news, or whatever included into this analysis, it made 2000% gain since start of the year, so I expect a nice retrace in the following months.

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Ah man, I'm not too hyped up about this :(

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