ETH prediction long
I expect ETH in around 5 days with -6.95% at the strong support around 271.
MACD is negative and RSI is in downtrend.
At this point there'll be two scenarios.
Scenario 1:
If it breaks trough the support, it could fall down to Fib 0.618 at 252.26.
If it breaks again it could go more further down to FIB 0.5 at 204.05.
Scenario 2:
There could also be a bounce back up to Fib 0.786 at 320.90 if it breaks the falling triangle.
If it breaks the resistance at FIB 0.786, it could head up more further to Fib 1 at 408.33.
The result of these scenarios should be seen in around 1 1/2 months.
MACD is negative and RSI is in downtrend.
At this point there'll be two scenarios.
Scenario 1:
If it breaks trough the support, it could fall down to Fib 0.618 at 252.26.
If it breaks again it could go more further down to FIB 0.5 at 204.05.
Scenario 2:
There could also be a bounce back up to Fib 0.786 at 320.90 if it breaks the falling triangle.
If it breaks the resistance at FIB 0.786, it could head up more further to Fib 1 at 408.33.
The result of these scenarios should be seen in around 1 1/2 months.
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