Analysis method - “Gann Swings + Price Action” June 13, 2018
Daily chart: Renewal of structure’s low confirmed mid-term downtrend, where Ethereum resides now. After retest of broken support 503.71, further decline in direction 450.00 and then $400 for a coin can be expected.
H1: Downward local structure is in the stage of trending downswing forming. Thus, we can see continuation of decline directly from current levels.
Conclusions: Decline in direction 450.00 ( with mid-term aim on 400.00).
Trading recommendations: Shorts towards 450.00 and 400.00 (mid-term).