ETH. Is bottom near?

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Aug 13, 2018

Despite all the doom and massacre in ETH today, the charts are actually showing the following:

ETHUSD

Two things are of interest:

  • The current wave will be 100 % extension at around $220-240
  • $150-$380 is the area of the previous wave IV of a higher degree (green)

Combined with increased negative mood (looking for the "bad guys" - blaming ICOs for dumping) the ETH might be nearing the bottom.

The call for the bottom will become especially strong case if we additionally:

  • hear the price expectations of $100 and below
  • one/two scam exits of the existing ICOs
ETH
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balance
Aug 13, 2018

Assets from this insight

Ethereum logo

EthereumETH

$ 144.94

0.16%in last 7d