I have been covering the ETH for a long time and has been always bullish on the coin. Still a firm believer that the rally will have much more room to the upside.
For the short and mid term technical we should be looking at the 1410$ and then 1310$ for the possible downside and support area. should it get to these area it would be great opportunities to add to the position.
the 1200$ area would be the last area below which the coin would be in big trouble.
I am not buying the coin with margin but adding with gradual positions. regret not getting a huge position below 1000$ though.
technically the reason for the fall can be clearly spotted by the Awesome Oscillator on the daily chart where negative divergence is seen.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
For the short and mid term technical we should be looking at the 1410$ and then 1310$ for the possible downside and support area. should it get to these area it would be great opportunities to add to the position.
the 1200$ area would be the last area below which the coin would be in big trouble.
I am not buying the coin with margin but adding with gradual positions. regret not getting a huge position below 1000$ though.
technically the reason for the fall can be clearly spotted by the Awesome Oscillator on the daily chart where negative divergence is seen.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.