ETH moved quicker than expected since my last post. It might be too early to confirm this but I think we're in a turning point right now. There are several reason to this:
- Resistance from the Trend Line.
- 0,5 Fibonacci level
- Head & Shoulder Pattern
- RSI Trend line
I'm thinking it will do some sideway moves before it will contiue on the descending process. Be aware of the possible breakout on the Gann Fan Line further down (If the process starts again).
Take a look on my earlier post for more analysis regarding the long-term case :)
- Resistance from the Trend Line.
- 0,5 Fibonacci level
- Head & Shoulder Pattern
- RSI Trend line
I'm thinking it will do some sideway moves before it will contiue on the descending process. Be aware of the possible breakout on the Gann Fan Line further down (If the process starts again).
Take a look on my earlier post for more analysis regarding the long-term case :)
