Chart is captured from Tradingview using Bitfinex as it has the largest market share at the moment.
The recent breakout of ETHUSD is rejected at above $350.00 and we see a wave of profit taking & stop loss. It is now consolidating at $290.00-$300.00.
If this range shows support, there is still chance for the uptrend to continue. The first uptrend target is around $380.00
However, I believe that the chance for the price to go down is higher.. We may see quick drop to $350.00 if traders give up Ethereum at $290.00.
$150.00-$190.00 is also possible if there is a panic sell..
AND, if you take a look at this log chart:
The panic sell may not happen but more attention is definitely needed!
Congratulations @hoball! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @hoball! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit