ETH most likely stair-stepping towards 1k
The 20 EMA turned red, ribbon is contracting, support is weakening. Expect some green candles in the process, maybe lower highs, but the length of candles will get smaller as the heat turns down, volume remaining relatively low, we will see some bouncing around but it seems like this is a clear stair step to lower levels before a new burst to ATH's after this is over.
May take a couple of weeks. Expect a fight at 1380 support line. When that breaks we will head quickly towards 1k, 50% off the highs, causing much panic, but highly unlikely we will go down further than 1k.
By the end of March we should be heading back up at a race 3k once the institutions publicize how they all got in while the retailers were panic selling.
We can't know when the reversal will happen so it is advisable to have buy order scattered at crucial levels depending on your trading technique.
May take a couple of weeks. Expect a fight at 1380 support line. When that breaks we will head quickly towards 1k, 50% off the highs, causing much panic, but highly unlikely we will go down further than 1k.
By the end of March we should be heading back up at a race 3k once the institutions publicize how they all got in while the retailers were panic selling.
We can't know when the reversal will happen so it is advisable to have buy order scattered at crucial levels depending on your trading technique.
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