RoyVan Der Reijnst
Short

Ethereum ready for a big drop

POLONIEX:ETHBTC   Ethereum / Bitcoin
70 0 0
Ethereum saw a phenominal rise over the past two months, but to all good things do come an end eventually.

Although Ethereum is a brilliant innovation from my point of view, all growth has its retraces, and Ethereum will get its fair share.

We can see that the logarithmic price trend has finally breached yesterday, showing increasing sign of a trend that's been exhausted. IPO             buyers are now up 30-50x on their investment and when the trend does change, this could have a cascading effect on downward price pressure.

I do believe Ether is here to stay, but if you're looking to buy in, I would patiently wait until more favourable prices present themselves. When the time is ready, it will show. I wouldn't knife catch the areas I marked out in my chart, as I see those simply as minimum targets for a short here.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out