This is 3D chart, a quick look:
1. ETH hit MA200 and get rejection (on the three-day chart this is the all-time average — so it's super strong)
2. MA200 is now at a level that has already been resistance and support for strong movements — the mirror level. This is a serious shit to the price
It can be seen that most of the time the price spent under this level
3. So, $1250 above, and $100 and $ 50 as targets below. $1250 by November of this year? Doesn't look real, does it? Means or sideways, or down. From the current level the ETH will not pass the resistance, which means high 380-420 is the limit of the current movement
4. 250$ is critical level — I am 100% sure that it will be retested (see the same level on the left, in 2017, there are about 7 hits, and this is a 3D chart, each candle — three days! If the ETH falls under $250-210 — there is a huge chance to see $50
5.And to the good news — ema21 crossed the ema100, which is a damn good sign for an uptrend
Summary:
correction from the current level is inevitable (and if you extrapolate this to BTC, no in it will do without pullback or sideways at least)
210-250 the critical level at which the momentum of this growth will be lost
If the mirror level and MA200 would be broken up — ETH to the moon!
But for me, this chart looks bearish
I hope I'm wrong and we'll see new ATH for the whole market
1. ETH hit MA200 and get rejection (on the three-day chart this is the all-time average — so it's super strong)
2. MA200 is now at a level that has already been resistance and support for strong movements — the mirror level. This is a serious shit to the price
It can be seen that most of the time the price spent under this level
3. So, $1250 above, and $100 and $ 50 as targets below. $1250 by November of this year? Doesn't look real, does it? Means or sideways, or down. From the current level the ETH will not pass the resistance, which means high 380-420 is the limit of the current movement
4. 250$ is critical level — I am 100% sure that it will be retested (see the same level on the left, in 2017, there are about 7 hits, and this is a 3D chart, each candle — three days! If the ETH falls under $250-210 — there is a huge chance to see $50
5.And to the good news — ema21 crossed the ema100, which is a damn good sign for an uptrend
Summary:
correction from the current level is inevitable (and if you extrapolate this to BTC, no in it will do without pullback or sideways at least)
210-250 the critical level at which the momentum of this growth will be lost
If the mirror level and MA200 would be broken up — ETH to the moon!
But for me, this chart looks bearish
I hope I'm wrong and we'll see new ATH for the whole market