We're still in a negative trend from December, but as you can see the situation is becoming a squeeze, what happens often after this is, if the green indicator breaks this line, there is a good chance that the next consolidation will be around 2000
Normally when that happens, people react and buy because they think its going to continue, and this brings more liquidity to the market
its is what is called FOMO - fear of losing out, and it can affect the actual trajectory big time
causing it to continue its climb until no one has any more funds to put in
but looking at the previous years of Eth and whats been happening this year, its the lowest eth has been in three years at this time of year
its an indicator too that anyone who is actually interested in eth will get on board, because of these trend signs.
So what ever your ideas or choices, know that Eth has a very strong buying price point right now. It can't really get much better.
Normally when that happens, people react and buy because they think its going to continue, and this brings more liquidity to the market
its is what is called FOMO - fear of losing out, and it can affect the actual trajectory big time
causing it to continue its climb until no one has any more funds to put in
but looking at the previous years of Eth and whats been happening this year, its the lowest eth has been in three years at this time of year
its an indicator too that anyone who is actually interested in eth will get on board, because of these trend signs.
So what ever your ideas or choices, know that Eth has a very strong buying price point right now. It can't really get much better.
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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.