The Strongest
I don't know if any cryptocurrency has such a strong and well-built foundation as ETH. I would say that ETH is the king of crypto, in terms of utility and technological trends in its industry. If a crisis on crypto, like the one in 2000-2002 on Internet companies, came now, ETH would be one of the few to survive.
If I approached investing only on a very long-term basis (5+ years), I would start 'hoarded' ETH and accumulated with each drop.
And here my technical analysis is not much different from that on BTC. If ETH breaks through the cloud on D1 - closing the candle below 1363 - then there will be a continuation of declines with a target at 800 and then around 400.
Keeping the price above the D1 cloud, or back above it (in case of a fake breakout downwards), is a buy signal for me. Target 2230 - strong resistance in the form of KIJUN W1; then I secure positions at BE.
If the price at the end of the year is in the around 2600, then I will start to consider that there is a new bull market.
Trading approach aside; I am starting to accumulate ETH long-term. I will buy the most with a breakout of the bottom and a price of 800-400 or confirmation of the upside, i.e. a breakout of the KIJUN D1 on the upside.
If I approached investing only on a very long-term basis (5+ years), I would start 'hoarded' ETH and accumulated with each drop.
And here my technical analysis is not much different from that on BTC. If ETH breaks through the cloud on D1 - closing the candle below 1363 - then there will be a continuation of declines with a target at 800 and then around 400.
Keeping the price above the D1 cloud, or back above it (in case of a fake breakout downwards), is a buy signal for me. Target 2230 - strong resistance in the form of KIJUN W1; then I secure positions at BE.
If the price at the end of the year is in the around 2600, then I will start to consider that there is a new bull market.
Trading approach aside; I am starting to accumulate ETH long-term. I will buy the most with a breakout of the bottom and a price of 800-400 or confirmation of the upside, i.e. a breakout of the KIJUN D1 on the upside.
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