Technical analytics

Ethereum market technical outlook

Cryptocurrencies

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).

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