Updated

Yellow arc resistance

The price is expected to go down with the resistance provided by the yellow arc on my chart.
Once the arc is broken, ETH is likely to resume its uptrend, or at least stop falling and go sideways.

Note

Possible longer term targets:

Note

Sorry, the previous chart is not about longer term targets.
Here is it:

Note

The arc is finally broken, so the short term downtrend is over.
cs4.pikabu.ru/post_img/2015/03/27/1/1427408411_2073677123.png

Note

LOL. Wrong copy-paste again :)
Here is the chart:

Note

Possible long term scenario on monthly chart

Note

So the downtrend seems to be really stopped after the arc breakout.

Note

But there are still 7-10 days left before the longer term uptrend should resume, so for now sideways action is likely.

Note

Watching daily bullish arc

Note

Seems no sideways, but looks good anyway

Note

The uptrend is accelerating after making new all-time high

Note

The top is near. Current price is $273, possibly it will go to $280, the upper band of the long term channel. But if it breaks it up and holds above, we may see even higher prices.

Note

Price is now 360. Going to 1000? Oh shi!

OmgImTrader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

OmgImTrader