I think there will be better buying opportunities, so holding off for now is a good idea.
Ethereum is attempting to retrace back to the $400 support level, and may even fall lower if it breaks it, down to $265 possibly.
Keep a close eye on the next few days and see what happens. We got the weekdays coming in front of us after an underwhelming weekend so far.
Sideways action isn't too good for crypto, considering how millennials have ADHD (myself included) and want there 10x gains in one day.
A $265 Ethereum will give a $4400 BTC and around $80 LTC for the short term. These numbers are my worst case scenarios, and I would not be surprised if we approach these numbers.
I would truly be shocked to see anything lower.
All this said, if we see a +50% bounce tomorrow you can ignore me ;P
Good luck and bye for now.
Ethereum is attempting to retrace back to the $400 support level, and may even fall lower if it breaks it, down to $265 possibly.
Keep a close eye on the next few days and see what happens. We got the weekdays coming in front of us after an underwhelming weekend so far.
Sideways action isn't too good for crypto, considering how millennials have ADHD (myself included) and want there 10x gains in one day.
A $265 Ethereum will give a $4400 BTC and around $80 LTC for the short term. These numbers are my worst case scenarios, and I would not be surprised if we approach these numbers.
I would truly be shocked to see anything lower.
All this said, if we see a +50% bounce tomorrow you can ignore me ;P
Good luck and bye for now.
Note
I have changed my worst case numbers, see more current charts.
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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.
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.