After breaking out of the pennant we were stopped $315 resistance. I believe we are headed downwards to $293 instead of .
I included the path to $335 in my chart because I believe we can still hit it IF BTC is able to break through $4650 referenced in t in which case I believe it may reach ~$5000. Otherwise the downward pull of BTC will likely bring down ETH and other coins with it.
@Jaggnetwork, I think we may see some ETH bounce/stability around $300 considering BTC will likely see some bounce at ~$4325 as per my BTC post mentioned in this post. However, since BTC will likely continue downward after that bounce I think it'll pull ETH down to the stronger support at ~$293.
Thank you for your comment @Jaggnetwork. It will be helpful to others.
Jaggnetwork
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@caguillen214, Hey dude, I see that you have pretty good analisys, can you make an analisys of ETH/BTC?
caguillen214
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@Jaggnetwork, I appreciate the compliment. I haven't looked much into crypto v crypto analysis, so I don't know if there a some subtleties I will learn along the way. However, if you bear with my crypto v crypto analysis for a while I will consider including it occasionally.
Jaggnetwork
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@caguillen214, Bro do you have a contact or something like telegram?
caguillen214
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@Jaggnetwork, No sorry. I only have a twitter associated with my trading: @CAG_CryptoTA