ETH broke below prior ascending channel support: drop to 228USD?

2020年2月26日

ETH broke below prior ascending channel support: drop to between 215-228 USD?
As usual, highly dependent on BTC chart.

Ichicloud also flipped into bearish state.

PRISM AJ-Ribbon looks like it is about to turnaround though.
But need to wait for PRISM Signal "Buy signal" to trigger to confirm bullish momentum first, before recovery can be deemed more likely.

2020年2月26日

ノート

Emergence of a descending channel? -- Similar to what BTC have already been doing?

Something to KIV.

2020年2月26日

ノート

Also haven't been looking at Fibs for ETH.
Just only noticed it haven't been updated!
Here's the updated Fib-extension levels. The 61.8% level coincides at the center of the red-support zone @ 223 USD.

2020年2月26日

ノート

Speculative trajectory:

2020年2月26日

ノート

Buy Signal triggered on PRISM Signals on the 1hr timeframe.
Will wait for it to be triggered on the 3hrly time frame (where there's better confluence) for confirmation.