Failure Swing for $ETH in progress

١٦ فبراير ٢٠١٨

Setting some FIAT aside in anticipation of ETH correction incoming. Looks like a Failure Swing as indicated by the RSI above 70 failing to make a new high, and breaking the previous RSI low...last time this happened in summer of 2017, ETH found itself in a downtrend (compared to BTC) for several months.

٢١ فبراير ٢٠١٨

ملاحظة

Down down down she goes...RSI still not into oversold on the daily. ETH not at bottom yet

٢١ مارس ٢٠١٨

ملاحظة

Over 30% drop since my call of the failure swing. ETH finally came to rest on the .618 retracement/historical support/resistance level. This is not investment advice, but I used up a good bit of fiat to take advantage of this pricing.

Although, if you look at last time this happened, we're not out of the woods yet by any means...