ETHUSD - Ethereum Reversal Now
I predict Ethereum reversing now. It's one of the easiest calls to make, as there are also clues on the ETHBTC chart. I won't be wrong.
Target $400, then $315.
Target $400, then $315.
Note
Several other reasons consider aside from chart which shows it is on upper trendline in channel. 1. Ethereum +600% from coronalow. No other major coin has done that. If it doubles from here, that is approximately +1200% from coronalow, just very unlikely overall for such shitcoin to rechallenge it's personal ATH, while other shits are would be so behind.
2. ETHBTC is in a downtrend, like a dead cat bounce. Look to the chart.
3. For fractal pattern morons, BTC has a high likelihood of crashing at ATH. It's done so previously but not guarantee again for it to happen. If BTC is projected to crash, alts will not not crash with it.
4. XRP, for instance, got it's +400% from coronalow, it may have another $0.12 to go, but probably not more.
Overall, it looks like a market flush, so hit that sell button before everyone else.
Note
ETHBTC broke out downtrend, but high likelihood of pullback, based on vertical rise magnitude being very high. Buy here = gambler.Trade closed: stop reached
Idea failed or close to failing. There was a retracement down to 480 right after posting, but price recovered. Backtests don't seem as if it would take price down to 400 easily anymore.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.