“Buy the Rumor and Sell the News"
“Buy when there's blood in the streets, even if the blood is your own."
Are you following above statements?
If not, please follow - that's what will make you a good trader.
Before we continue, keep in mind that ETH is 2nd in Marketcap.
Vitalik is SMART. He will be coming with huge updates and surprise.
ETH has touched 890 few months back, but at this price is GOLD , if you are holding for few months.
In case of ETH, when it bottomed to 167, i told everyone grab it, its the best price. In a matter of 10 days we got a whooping profit of 61%.
ETH currently moving in sideways from last 12 days with an avg . profit of 11%.
As on date ETH is surrounded by some negativity in media streams, I never focus on these news, because next day they will publish its opposite. Believe in FA of ETH. Its very strong and new updates are on way.
Ethereum’s core developers held another meeting, Aug. 31, to further discuss the world’s second-largest cryptocurrency network’s four-stage development plan–including additional details on the Constantinople hard fork and Casper.
ETH price above 61.8
Entry btw 200-204
Targets 232, 248, 255, 298, 337, 366
Stop Loss 195
51 is key level, if it breaks up - price will go high.
we will see red over blue/green overlap.
Once you take entry make sure to book profit at current levels.
Now what if price goes up.
If price croses above 232 next targets will be 248, 255, 298, 337, 366
So keep an eye on & .
21 is acting as resistance, if we break its good.
If you liked this analysis, make sure you click like button and share with your friends and dont forget to follow me.
You may see little bit price drop to 204.