ETH price action

28 Tem 2018

just like Al Brooks said, 90% of the time there is a 60-40% chance in trading, so even the best traders lose 60-40% of the time. we are not going to see the future with the charts or force it where it should go, we only want to trade in the direction of the the trend and mass psycology. there are 2 possible senerioes on ETH right now. either it has build a bear flag to sink it down prior lows of 350$ which if breaks ETH can go to 280 and 220 levels. this happens after a big bear bar that breaks out of the channel. on the other hand, ETH has started to make higher highs and lows indicating that we might have changed the bear channel, if we stay in this channel, there is a possibilaty of making a cup and handel pattern, but as you can see we might be in a big trading range between 350$ and 850$. if we break this channel, the next main target is 1250$. the 60% possibility here is that we have broke out of the bear channel that was created from may, we might see another bear climax and then start a bull run. the 40% senario is that we continue to sink down. which will happen? lets wait and see.