As the market continues to bleed we see Ethereum struggling to hold its value. There is weak support at the current level and if this fails to hold, we will see a $90 ETH in the short term. If the support does holds as the RSI is showing oversold then we will consolidate between $123 and $175 for the next week or so. However it will take some major volume of...
Could be wrong, But thinking Eth will remain below 100$ might be an insane idea. Well, this is what the market is saying so far if we translate the chart.
Eth might have actually capitulated on September; -Broke the main downtrend line -Daily bullish hammer on its line of life: -Weekly bullish candle on the line of life: But : Ether is on a daily, and weekly bear market, Daily Smma's and Weekly Smma's are still pointing downwards Conclusion: there is a chance there was an overall market capitulation. Ether...
Nothing prevents you from buying some Ether at this point as it dropped a lot, for long term holding if you believe in the technology. But beware, it is for hold only, this coin could break below its 175$ line of life for possible further new low targets.
So far trend is still downwards and looking at longer term time frame once the break of the key level we can expect a panic selling. Many support levels have been torn. Looking at past drops of 47% another 47% drop falls nicely at a nice support line. That to me is my load the truck kind buy option to get a bounce
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Steady in our channel here over the past few weeks, ETH is holding above previous resistance at .079. I think we'll spring off here at some point soon and resume the upward movement.
here is my view of short ether usd sell
After bouncing off from the support at ~650 it seems like the correction is over. ETH is on it's way back up to a local support barely above the 1000€/1200$ mark. It will stay at that level for a while to consolidate and get new momentum. Then we should see ETH break upwards again to seek a new all time high. Since BTC struggles more and more to recover from...