I was expecting ETH to bounce from the blue box for more upside but its showing some weakness, what makes me think that it will revisit the lower trendline again, making a bigger ABC correction.
Target calculated with Fibo extensions. Longer term, I'm expecting a break out to the upside what makes this dip to an excellent opportunity to add to your longs.
Not that much TA in this move, it just seems logical to me. I could use all kinds of fancy indicators, but the chart just tells me thsi. It also corresponds to a correction in BTCUSD. Comparing those works always great for confirmation for me.
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Looks ready for next dive towards the target
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Situations can change fast in crypto... ETH trying to break out to the upside which might change my view for a dip to the downside......wait and see
Hi Crypto_Ed, I checked your previous ideas for ETH and you were right all the time for short or long! Thanks for the great analysis and keep up the good ideas
PerlDean
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Seems like its just flirting with people
Amit26
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Hi @Crypto_Ed, thanks for the analysis, Do you have any new updates? the chart seems to be defying all predictions, We are anxiously waiting for new updates please
Crypto_Ed
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@Amit26, i dont update when i dont see signifacnt reasons for it.
mathiasschrooten
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What's your opinion on ETH now?
Amit26
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What just happened?? $310??
alter.daemon
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Situation can change dramatically after the fork... This fork is driving market now but alts are already oversold.
Amit26
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@ALTER.daemon, Which fork you are talking about? when is it?
alter.daemon
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@Amit26, Bitcoin Gold fork, the day after tomorrow.