ETHERIUM IN BAAAAD SHAPE - NEXT STOP $500
Updated
Hi guys. ETH has broken down from the previously identified bear flag and is targeting $500
Market is down everywhere. BTC is headed to 6K and maybe lower, XRP is bound to test $0.57 and maybe lower...
No EMA support underneath these coins now so only trend lines and market sentiment are left. Trend lines are bearish and market sentiment? I will let you decide.
Sometimes, only really good news and ridiculously good bargains are the only things that can turn things around. Since I really dont see good news (regulation, scandals, Ponzi schemes, exchange thefts etc...), all thats left are ridiculously good bargains and the good news is that the closer we get to these lows the higher the chances of a reversal.
What I find interesting is that Coins like ripple (XRP) that are very close to all time lows begin to shift the balance of power in the market to their favor. What I mean is that unless some of you believe XRP is headed to zero (no way), we are very close to zero. Half of XRP today is $0.32 Half of Bitcoin today is $4,000. I'm willing to bet that if XRP hits $0.32, there will be a lot of interest and buying will go through the roof be=ringing up market cap and influencing other coins including BTC.
This wont happen in next 2 days but more like the next few weeks at least.
Market is down everywhere. BTC is headed to 6K and maybe lower, XRP is bound to test $0.57 and maybe lower...
No EMA support underneath these coins now so only trend lines and market sentiment are left. Trend lines are bearish and market sentiment? I will let you decide.
Sometimes, only really good news and ridiculously good bargains are the only things that can turn things around. Since I really dont see good news (regulation, scandals, Ponzi schemes, exchange thefts etc...), all thats left are ridiculously good bargains and the good news is that the closer we get to these lows the higher the chances of a reversal.
What I find interesting is that Coins like ripple (XRP) that are very close to all time lows begin to shift the balance of power in the market to their favor. What I mean is that unless some of you believe XRP is headed to zero (no way), we are very close to zero. Half of XRP today is $0.32 Half of Bitcoin today is $4,000. I'm willing to bet that if XRP hits $0.32, there will be a lot of interest and buying will go through the roof be=ringing up market cap and influencing other coins including BTC.
This wont happen in next 2 days but more like the next few weeks at least.
Note
We are almost there. Hope you took advantage of this trade.
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