Ethereum Long term technical analysis
Updated
Hi all,
First time I publish an idea. I'm in Ethereum since march 2015, when I bought Ethereum at 0.80 €/Ether. I've bought more at 10$, 15$, 20$ and 50$.
I'm in this for the long run, say 10 to 15 years, so this is my long term view;
Short term I see resistance at 650$, which is where I draw the upper line of the log channel. Short term downside risk is around 200$.
200$ to 250$ is my preferred buy zone, where I will be looking to add further positions, as soon as I see a return of strength to the upside, in case of a short term down trend (max 6 months).
Be aware, If Ethereum breaks through the upper channel, it could rally a lot higher short term (next 6 to 8 months). Long term the upper channel is around 9000$, which could be seen as soon as mid 2018.
Don't look at crypto's as just another financial instrument to trade. This is a paradigm shift. All value will eventually move towards blockchain or similar technology like DAG. When the mainstream populace gets that crypto is a one way long term trend, we will see big moves as the one I'm pointing out here in Ethereum. Be prepared. Meanwhile, focus on the risks, and buy in low risk zones. Good luck!
First time I publish an idea. I'm in Ethereum since march 2015, when I bought Ethereum at 0.80 €/Ether. I've bought more at 10$, 15$, 20$ and 50$.
I'm in this for the long run, say 10 to 15 years, so this is my long term view;
Short term I see resistance at 650$, which is where I draw the upper line of the log channel. Short term downside risk is around 200$.
200$ to 250$ is my preferred buy zone, where I will be looking to add further positions, as soon as I see a return of strength to the upside, in case of a short term down trend (max 6 months).
Be aware, If Ethereum breaks through the upper channel, it could rally a lot higher short term (next 6 to 8 months). Long term the upper channel is around 9000$, which could be seen as soon as mid 2018.
Don't look at crypto's as just another financial instrument to trade. This is a paradigm shift. All value will eventually move towards blockchain or similar technology like DAG. When the mainstream populace gets that crypto is a one way long term trend, we will see big moves as the one I'm pointing out here in Ethereum. Be prepared. Meanwhile, focus on the risks, and buy in low risk zones. Good luck!
Comment
correction: December 2015 that is, when I bought Ethereum at 0.80
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