ETHERIUM, LONG TERM GREAT BUYING OPPERTUNITY.Hello traders! What we are seeing currently in alts market is the last stage of "despair" forming. This means the best buying oppertunity for a long time is coming/has come. I am looking at Etherium and it's looking great for a long term buy in now. 85%+ correction from ATH looks like we are in the last stage before slowly starting a new CYCLE. What i recommend is to buy with NO MARGIN or LOW MARGIN if you know what you are doing. We could still go lower you never know but anything bellow 230 looks good for long term. You need to hold for month's/years.
BUY IN BUY ZONE!
BE PATIENT!
Could give alot of profit (100x potential) but could also give 0 if Etherium dies, you decide if you want to enter or not.
Etheriumusd
ETHUSD falling analysis, support and resistanceETHUSD daily chart///
I have already told you my idea that the downward trend has not ended. And I've published graphics about it.
The price is currently standing in the support zone in early 2017
The purple lines are trend lines and the red one is our most important support point
You can see other support and resistances in the chart
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
May 25 - ETHUSD daily chart about SHS formation
ETHBTC support - resistance and price directionETHBTC Daily Chart
I think, it'll try the bottom support line (blue line) again.
If the support breaks down it may fall to red support
If break up the trend line, it move to a new hill
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
ETHUSD What will happen next?The pretty same story as BTC. After H&S was formed the price went down and is currently is about to reach Fib 0.786 support level where can be a bounce back. Threats are the same as for BTC the price is at the edge of lower Bollinger line and red line of Ichi cloud is above the green line. However Stoch RSI and MACD are positive and in case of volume increase there can be a rebound to the $730 zone.
ETHUSD: Do Sellers Control the Ethereum Price?! Many cryptocurrencies are correlated to each other and mostly they are correlated to BTC. In many cases, when the BTC falls, many cryptos follow it as well. This is the scenario for ETH. The BTC and BCHUSD price dropped significantly in the last few days as well.
The ETH broke its support at 785.2 and with the strong bearish move and it is more likely that this fall continues. The sellers are still control of the price, and they are more confident because they have already passed that major support barrier. Moreover, new sellers are going to step in that give the additional power to sellers to push the price down. Also, it is important to discuss buyers perspective as well. The buyers who believed the ETH price was low and bought them earlier, not they losing money and are in pain. Majority of them will liquidate their positions that create additional selling power. Thus, I expect the ETH price to continue dropping.
- Follow & Comment -