SUMMARY
The MACD in this 4 hour chart, having tagged the upper yellow trend line is likely heading towards the lower yellow support. The blue arrow outlines the pathway. Give the curren location of the apex; this dip should complete by April 20 to 23 and price should follow. This outcome requires that the bottom yellow support holds and that the remaining subwaves of wave (5) of C complete within the contracting blue lines.
The daily MACD remains heavily oversold (yellow circle) while the rising higher lows of the histogram is foreasting a trend reversal or at least a sizable bounce is to be expected. Now until April 23rd or so could be fully spent in putting in an incremental lower low in price but a continued higher low in MACD.
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It might take some time, probably more than two months before recovery of ethereum value would pickup
Did you read the article?
Yes, I did and that is my opinion
The market will start to recover from next month
Yes it might, however I see more downside in the meantime!
Here's why $6,000 for Bitcoin (and therefore lower Ethereum price as well) seems inevitable to me! ----> https://steemit.com/bitcoin/@investingtips/why-i-believe-usd6-000-is-inevitable-for-bitcoin-multiple-time-frame-analysis
You just buy the damn thing and be patient, this is the patient basically stealing from the impatient here...
Bitmain's announcement of ASIC Ethash miners is an interesting event...let's see what the community does to negate the crushing effect of more hashing power coming in the future...
I am a little miner
Price went through my weekly demand zone, Ethereum needs help from Bitcoin now....maybe after people and exchanges pay there taxes from all those gains in 2017, we will start getting some buying pressure.
The manipulation of crypto has been obvius since the mtgox trustee sold thousands of btc in the right moment to make the market fall. I think the market will turn around tax day on 17 april. You know the manipulators want you to have as little money as possible to pay your taxes ;)
Very good point.
I think it will be good from next month.
Again market will be right for us
Another cool thing.
Good post
The market will recover whether now or in the future. That's the good thing.
I need Good News Because i am invest in ETH but Now in Loss
Sorry but most investors are in great loss too.
A time may come when we wud recover.
so over sold
Free signals!!!!
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