Here I'm telling you some of my opinions on ETH/USD
So many people asked me that they should invest in Etherium now or not? Is this profitable to buy now?
When I watched the 1day time frame chart, I found now is the most risk involves.
Technical
1. EMA 50 is acts as resistance in last 10 months. Price tried to break several times but it failed.
2. Price is in downtrend and RSI level is near 70. So it indicates price will come down.
3. Investors will come in near support zones, So I have drawn a downward support in l]red line . Why I consider this line as support ? because price touches this line 3 times, and when it touches price pumps and touches the resistance.
Fundamental :
1. Currently Etheruim facing the scale-ability issues.
2. If price falls and continues its down trend for next 1 month, then price can drop another 70%
I will buy if price falls in red line or confermation of up trend.
"Sometimes doing nothing is the best thing"
So many people asked me that they should invest in Etherium now or not? Is this profitable to buy now?
When I watched the 1day time frame chart, I found now is the most risk involves.
Technical
1. EMA 50 is acts as resistance in last 10 months. Price tried to break several times but it failed.
2. Price is in downtrend and RSI level is near 70. So it indicates price will come down.
3. Investors will come in near support zones, So I have drawn a downward support in l]red line . Why I consider this line as support ? because price touches this line 3 times, and when it touches price pumps and touches the resistance.
Fundamental :
1. Currently Etheruim facing the scale-ability issues.
2. If price falls and continues its down trend for next 1 month, then price can drop another 70%
I will buy if price falls in red line or confermation of up trend.
"Sometimes doing nothing is the best thing"