It sure looks like we should break lower making another short-term high-low. But with highly manipulated crypto-assets you can never tell. I would give the odds to another small squeeze up to the 50-percent fib retracement before a pullback. This is a structured BEAR market, both long-term and short-term. I would be wary of buying here unless you don't have a position and are thinking this is cheap. If you follow me, you are aware I have a price prediction (something I almost never do!) of 3k by February 2019. My chart is busy because I am trying to make sense of the price action. But then I thought, "oh that's right, this is a crypto and nothing makes sense in the crypto world.
I only covered ETH, but have expanded to BTC rather recently because it is the big dog that leads the way. I wouldn't touch this crypto because the probability is higher we go south before we go north. A trend reversal is highly unlikely and all crazy price predictions have been proven false. Kudos to the guys that came out early and called this BEAR market only to be reamed by the emotional trader who dreamed of riches untold and well beyond the crazy end-of-year prices that were predicted.
Good Luck! If you appreciate my work and my opinions, leave a like and share.
I only covered ETH, but have expanded to BTC rather recently because it is the big dog that leads the way. I wouldn't touch this crypto because the probability is higher we go south before we go north. A trend reversal is highly unlikely and all crazy price predictions have been proven false. Kudos to the guys that came out early and called this BEAR market only to be reamed by the emotional trader who dreamed of riches untold and well beyond the crazy end-of-year prices that were predicted.
Good Luck! If you appreciate my work and my opinions, leave a like and share.