ETHUSD Further down moves to come $350-$200 areas

25 Mar 2018

Etherium has been freefalling, we potentially have a WXYXZ pattern playing out with further downside down to initially the 78 fib at the $350 area or potentially down to the 88 fib at the $200 area. An ending diagonal/wedge could be forming with potential upside temporarily to the top channel finsiihing an ABC correction with a breakdown to our 2 target areas for potential long term entry reversals. I dont think it will reach the 88FIb but you never know. First PRZ is at 78 fib approc $350 area. We will see how it plays out from there.