Ethereum wider overview

Updated

Ethereum has been the subject on a lot of peoples minds in cryptocurrency lately, mostly due to the hard fork which took place. there are arguments for both sides as to whether this should have taken place or not but generally it seems pretty well received and the market has slaughtered the bears over the last day.

I'm inclined to say that this rally wont reach higher than 0.022 (itchimoku cloud and RSI) but there is an existing long term triangle etheruem had been following before the DAO attack, that is now resolved so perhaps it could renter the tailend of this triangle and push for a new high?

I'm not holding a leveraged position in ETH but i am holding a solid bag. The reason for this primarily is to obtain ETHC which according to its thread - poloniex and bitfinex will list markets for and supply eth holders with ETHC. these coins might not be worth much but free coins are free coins so as long as eth price maintains above around 0.015 i am happy to hold until these coins get released.

Note

0.022 was reached but I'm going to be watching the next 2 days closely, if we can get break through that red ithimoku cloud the we could be on for the triangle re-entry in the next few weeks

Trade closed: target reached

got my ethc and sold eth for profit, maybe hoping for a repeat for when bitfinex add but i think eth for now is down, this was kind of eth's equivalent of "mt. gox" and the start of btc's bear trend.

ETC i am happy to hold and see where it goes for which i have no idea but there is support so I'm hoping it begins its own chart life from here and at the very least an easy few btc

crypto_dealer

Also on:

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.