Following on the previous call of ETHUSD painting a pennant, it seems that call was a bit too early as the chart extended itself out. However, the pennant and bearish call was never invalidated, there was no buy volume it it never broke 140, and found major resistance in 130, which I was expecting if there was a move upward.
Call is simple. ETH is die, people cry.
Flag poll starts at 320 -> ~200. Price target for this move is 75 USD. I would be shocked if it manages to go straight down, we still have the linear uptrend from December/Jan lows to break, which could easily be buy support and invalidate the bear flag.
There is also ~155 USD / ~140 USD which is the big breakout for this entire bull run, could very well have enough buyers there to end the flag early.
ETHBTC still has a lot of downside till .01600 support, and with BTC likely going sub 10K, we have a lot of downside potential on ETHUSD to go.
Call is simple. ETH is die, people cry.
Flag poll starts at 320 -> ~200. Price target for this move is 75 USD. I would be shocked if it manages to go straight down, we still have the linear uptrend from December/Jan lows to break, which could easily be buy support and invalidate the bear flag.
There is also ~155 USD / ~140 USD which is the big breakout for this entire bull run, could very well have enough buyers there to end the flag early.
ETHBTC still has a lot of downside till .01600 support, and with BTC likely going sub 10K, we have a lot of downside potential on ETHUSD to go.
