Hello traders. Looking at the monthly chart I am making a chart to put down my thoughts, analysis, and what I am waiting for with Ethereum. I have been in Ethereum since it was around $785.00. i have been buying and selling this for a while and what I believe is that Ethereum will, at some point, come down to 1740 -1785 area and that is where I will buy in heavy. Yes we can go up before coming down. But other like minded traders are waiting for this final area to be touced before going way up. Until we break and close above 3925 , with a retest and established support, will Ethereum then break any all time highs. I may be incorrect but this is my idea and trading plan with buy limits sitting waiting to be triggered. . It will be a while, Ethereum can jump up to 3600 or a bit higher and then come down. I scalped in and out since 785.00 and I believe that we have more downside to come into play from where we currently are. Do your homework and trade the trend. I am thankful to Big G my mentor. I thank you for reading my analysis. Be well and thank you,
Pip Whisperer
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Pip Whisperer
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.