ETH dumping to 86$ to start his parabolic run
We all have experienced the indecision recently, which is because ETH has started it's bearish run.
By looking through my chart, we understand that it took 169 days till the MA 200 confirms the trend reversal from bullish to bearish. Also it took 149 days to confirm the bearish to bullish trend reversal.
We all know that ETH second bullish run has ended, but MA 200 has not yet confirmed it. However, it is expected to do so. According to my chart and the 163 day confirmation, the MA 200 trend reversal will be confirmed at 6th December.
Then it will take 322 days until the turning point of MA 200 which will indicate a bullish run, but in order to calculate the price turning point, we need to reduce 149 days (gap between price low and MA 200 low) from the 322 days which will end up in 28th May 2020. That is the time when ETH is going to explode up and break the resistance level and run to 1000$.
By looking through my chart, we understand that it took 169 days till the MA 200 confirms the trend reversal from bullish to bearish. Also it took 149 days to confirm the bearish to bullish trend reversal.
We all know that ETH second bullish run has ended, but MA 200 has not yet confirmed it. However, it is expected to do so. According to my chart and the 163 day confirmation, the MA 200 trend reversal will be confirmed at 6th December.
Then it will take 322 days until the turning point of MA 200 which will indicate a bullish run, but in order to calculate the price turning point, we need to reduce 149 days (gap between price low and MA 200 low) from the 322 days which will end up in 28th May 2020. That is the time when ETH is going to explode up and break the resistance level and run to 1000$.
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