Samoto

Ethereum in a great position for a midterm buy!

Long
Samoto Updated   
KRAKEN:ETHUSD   Ethereum
Are you ETH fan, believer or investor? Either the answer is yes or no in both cases it's nice to buy low and sell high, isn't it!?
We wrote a lot about Ethereum potential already. You can find an additional explanation in link to related ideas below.

Do you think low volume is the problem!?
Wait for our next educational post and check it out to see the answer!

At this point, we can say that it would be more than surprising if this support doesn't hold. Buying close to support is always a good idea.
Sure it's just an idea. Not investment advice! ;-)

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Usually, we are one step or day before the majority of the other market players. It's better to have info too fast than too late!
Comment:
Even though it was a bit surprising to see ETH break down so strong it makes sense in many ways:
- BTC had a really strong dip and took down the others with him
- ETH is one of the most manipulated large-cap coins lately so probably whales wanted to get rid of weak hands
- there was still horizontal support left around $183 by previous low close and volumes
- the new support line is also well suited for midterm to work out nicely.
All in all, for the midterm investment it's even better now since you can get (more of) it cheaper. "Buy low, sell high!"

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