Ethereum Heading To $100?

POLONIEX:ETHUSDT   Ethereum / Tether USD
Hi traders,

It clearly shows that Ethereum is bearish as it continue to fail to make any new highs and support zones are breaking one after another. If Ethereum wants to turn bullish again it needs to commit to make higher highs by breaking out $320 levels.

First Target: $200 and Final Target is $120-$100.

I'll keep you updated :)!

交易开始: Ethereum is 10% DOWN today!
交易开始: TARGET 1 REACHED :)!
交易开始: Ethereum has showed no sign to turn around yet, will it target $100 in the coming weeks?
交易开始: Price has hit the minor trend-line, in the next couple of hours we will have more information to see if prices really want to rally in the short-term or continue straight to our second target of $100.
交易开始: We saw a nice bounce by cutting some losses on Ethereum. However, don't get trapped as this could be a bull trap. Ethereum is trying to go back and trade above $210 range, but it failed twice.
交易开始: As mentioned, it seems the bounce was a bull trap as prices are still falling as of now. I'll keep you updated :)!
交易开始: Lower high has formed, it seems that we will break $170 soon.
评论: Down 8% today - $17 away from breaking the bottom
交易开始: Ethereum has lost more than 40% since this idea was published. Bears are still in control! - goodluck all :)
交易开始: ETH falls 18% today - $19 away from the target!
i think the 170 support line is huge ? your thoughts
@imn745, Why do you think so?
you think it will go down to 100, 125, 150 ?
@imn745, if prices does not trade above $230, then the target $100 is still vaild. Goodluck :)
Curious; what do you base the 100-120 range on? 0.786 retracement?
@stuff, No, I don't trade with Fibonacci - these target were set purely using Supply and Demand - thank you :)!
stuff abdullatrader
@AAlFadhala, I'll be reading up on those then, thanks!
@stuff, No worries :)!
@AAlFadhala, a really good call, thanks. Do you think it will fall any further? looks like a strong support around 180, No?
@krishna88, Thank you for your kind comment. At the moment, Target 2 is still valid. What happened today is ETH opened and dropped more than 10% and you can see now it has cut it losses back to less than 1%. However, this gives me no indication that it could reverse and become bullish. Yes we saw a nice bounce back from the minor trend, but this could also mean its catching more breath to fall more.

I'll keep this idea updated :)!
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