Ethereum (ETHUSD) has gone parabolic and this current wave is at 93% so far... Will prices continue higher or move lower?
ETHUSD is in full bull mode with the immediate resistance sitting at $224.50. Yesterday's candle closed this high and today's candle peaked at this same price.
This is the first resistance to look at for ETHUSD to move higher, but if this level can't be broken the parabola will break and EMA10 or $200 will be tested (red arrow).
@dexRaptor, Ye bro I know that, but which utility does a comment provide by saying: it could go anywhere. It's pointless. Rather not commenting if you have nothing to say. At this point of time I am neutral on many coins which are overbought af. They could stay overbought and keep growing but they get risky if you enter right now.
I'd rather get into the lagging ones, like kmd, eng, link, xtz, oxt, and many others.
dexRaptor
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@darkpiggie, I agree, not touching when high RSI. Trade save, ride the wave
ReiX
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Agree, there will be only small corrections in this parabolic run till summer (ETH 2.0). Looks similar to BTC in 2015!
But from what Crypto Krown says, another of my mentors/teachers, we can continue climbing higher anyways if the market wants it.
I think it is most likely that we will consolidate sideways or see a pullback before going higher.
- I can't stop laughing and smiling when looking at the insane gains the last days =)