TheRealOctosquid

$ETH Long, at nearly 10% of ATH

Long
BITFINEX:ETHUSD   Ethereum
Looking at the price history of ETH over the last year and the latter part of 2017, we can see its ATH was $1,389.00 and has thus fallen to $130 ish range, which has given a great signal for a 90% sale. If you notice the RSi is well below oversold limits around -87.00 where as -60 and +60 are good overbought and oversold points.
Theres much to be said about timing, and I think the holidays came at the perfect time.
Merry christmas, indeed this is a fine point in the year for crypto to be on such a downturn, and just in time for the US financial markets to start falling. Gifts and end of year bonuses will spent on something, and if the market is slipping, the option of crypto is looking very appealing.

Now is the time when everyone in 2017 wishes they bought coins at 90% of ATH.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.