There are two options:
1. If the price will reach the last higher high, it going to touch the resistance (komo above the chart). we have to notice the price needs to show his power for higher price.
2. If NOT, then we have to except forcing the support to break down. when i focus on the history of this chart, i found several situation like now.
But, on this moment we have to ready for selling on the higher price or (if break down) sell and re buy on lower price.
In this case, what are the investors believing? this price is enough for ETH or this coin have more value?
what are you thinking about PSYCHOLOGY of investors & traders?
1. If the price will reach the last higher high, it going to touch the resistance (komo above the chart). we have to notice the price needs to show his power for higher price.
2. If NOT, then we have to except forcing the support to break down. when i focus on the history of this chart, i found several situation like now.
But, on this moment we have to ready for selling on the higher price or (if break down) sell and re buy on lower price.
In this case, what are the investors believing? this price is enough for ETH or this coin have more value?
what are you thinking about PSYCHOLOGY of investors & traders?
Trade active:
Are you ready? !!! ETH touched the resistance. So, In pull back, you will find good opportunity to Buy for midterm trading.
