Hey @chend  Thanks for the upvote!  The graph shows a head and shoulders pattern which is very bearish meaning prices have a high probability of going down.  (not probability not certainty).  There is a method to determine the potential downside target on these patterns and those are shown on the chart.  The bigger one actually calls for ETH to head to zero.  The takeaway is if we get to $10 and below the probability of ETH going much lower increases a great deal. Hope that helps--any questions please ask--happy to claifry

Head and shoulder patterns are always valid - you just want to assess the probabilities of them playing out by considering other patterns and indicators.  I keep a very open mind to these patterns actually PREDICTING all the events you listed above (hack, sf fail, etc) - trading stocks is all about information, and it seems logical to me that the buying and selling patterns on a chart would indicate investors who know more than we do making their moves.  But when it comes to head and shoulders patterns I don't give them a ton of weight unless other factors confirm them because all traders know about them and all see them--but to ignore them is a very dangerous game.  Hope that helps.