Hello folks, this time I did this analysis mainly because Poloniex user u know who asked for a ETH analysis, so this is dedicated to him.
In this analysis we are following the trend of ETH since March, we see it is a clear downtrend even before the DAO was hacked. Here we are able so see the channel and the projection of price.
I believe that charts says it all and it is a lovely time to start shorting if you have not started yet, i recommend a good bag to short ETH as it can give price spikes all of the sudden so you dont get liquidated.
If u have any question on how did i get to this result feel free to ask.
In this analysis we are following the trend of ETH since March, we see it is a clear downtrend even before the DAO was hacked. Here we are able so see the channel and the projection of price.
I believe that charts says it all and it is a lovely time to start shorting if you have not started yet, i recommend a good bag to short ETH as it can give price spikes all of the sudden so you dont get liquidated.
If u have any question on how did i get to this result feel free to ask.
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