Yellow arc resistance

Updated

The price is expected to go down with the resistance provided by the yellow arc on my chart.
Once the arc is broken, ETH is likely to resume its uptrend, or at least stop falling and go sideways.

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Possible longer term targets:

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Sorry, the previous chart is not about longer term targets.
Here is it:

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The arc is finally broken, so the short term downtrend is over.
cs4.pikabu.ru/post_img/2015/03/27/1/1427408411_2073677123.png

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LOL. Wrong copy-paste again :)
Here is the chart:

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Possible long term scenario on monthly chart

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So the downtrend seems to be really stopped after the arc breakout.

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But there are still 7-10 days left before the longer term uptrend should resume, so for now sideways action is likely.

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Watching daily bullish arc

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Seems no sideways, but looks good anyway

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The uptrend is accelerating after making new all-time high

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The top is near. Current price is $273, possibly it will go to $280, the upper band of the long term channel. But if it breaks it up and holds above, we may see even higher prices.

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Price is now 360. Going to 1000? Oh shi!

OmgImTrader

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