ETHUSD - Massive drop ahead

٨ أغسطس ٢٠١٩

H&S in formation, volume became very weak (red circles); the last shoulder is describing also a nice bearish flag, so everything seems set to explode soon and we'll see new lows as ETH's value is retesting a historical support from december 2018 (red line), maybe where the green rectangle is located, between 95$ and 81$.

١٤ أغسطس ٢٠١٩

ملاحظة

Support @ 184 hit

١٤ أغسطس ٢٠١٩

تم فتح الصفقة

Next target : 170.5

١٤ أغسطس ٢٠١٩

ملاحظة

New lows can be expected @ 113, but first wait for 170.5

١٥ أغسطس ٢٠١٩

تم فتح الصفقة

Historical support broken @ 184, target @ 170.5 confirmed

١٧ أغسطس ٢٠١٩

تم إغلاق الصفقة يدويًا

We have to be really careful now as it seems ETH has bounced @ 174; if so, it may prepare a bullish divergence. BAKKT news may have something to do with this as this announcement is huge:
medium.com/bakkt-blog/cleared-to-launch-8dfc3e6f9ed0

١٧ أغسطس ٢٠١٩

ملاحظة

Let's see if ETH will follow the blue falling wedge pattern

١٧ أغسطس ٢٠١٩

ملاحظة

Well, things are really uncertain; now we've USDT dominance confirming a bullish flag; that means cash will mainly be drained from BTC and ETH:


Be really careful, patterns and news are really in contradiction

١٨ أغسطس ٢٠١٩

تم فتح الصفقة

After a bullish breaout from the yellow triangle, ETH seem to have toppped on the orange line, forming a bearish flag with the yellow triangle basis. So we can reset our target @ 170.5 (it mlght even be a little lower, maybe @ 167)

٢١ أغسطس ٢٠١٩

ملاحظة

Here we go

٣١ أغسطس ٢٠١٩

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