ETHUSD: What goes down must go up (but not quite there yet)
Since the Ethereum price is entirely dependent on Bitcoin and Bitcoin itself is expected to keep its bearish momentum for a while, we assume an extension of ETH's gigantic falling wedge.
On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run.
But note: In that case we will also see a huge large-scale upwsing and it will be extremely hard to time. Make sure to setup your plans for this type of scenario.
On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run.
But note: In that case we will also see a huge large-scale upwsing and it will be extremely hard to time. Make sure to setup your plans for this type of scenario.
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