Hi Everyone.
So everyone is talking about ETH going down, so I took a look at 1 day charts to see what's going on. From what we can see, we have broke the support line from 2017, and the next one is from 2016. Pivots on 1 day charts showing us that the first support should be around 650 (we are far away from that, so don't hope for going back there). The next support showed by Pivots is 484, but from my experience by the time we will get there it's gonna change for about 10% so it won't be 484 but around 445. So my Target is 450 by 26.03.2018. Where we should start reverse to uptrend. Lets see if we will get there.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
So everyone is talking about ETH going down, so I took a look at 1 day charts to see what's going on. From what we can see, we have broke the support line from 2017, and the next one is from 2016. Pivots on 1 day charts showing us that the first support should be around 650 (we are far away from that, so don't hope for going back there). The next support showed by Pivots is 484, but from my experience by the time we will get there it's gonna change for about 10% so it won't be 484 but around 445. So my Target is 450 by 26.03.2018. Where we should start reverse to uptrend. Lets see if we will get there.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
We should get there approximately by the end of the week.
If BTC will break below 7k we may see it sooner than predicted.