BITFINEX:ETHUSD   Ethereum / U.S. Dollar
I think this is a good time to buy ETH.

ETH sitting at a VERY STRONG SUPPORT area! (green box)


Right at the .88 fib. (light blue line)


The risk of buying now is very low.


Averaging in (not going all in at once).



This is the E = mc^2 of crypto


Be very very careful here, there isn't much support at these levels and once it is broken we are in no man's land. That support level you're charting all the way back to July 2017 is almost irrelevant, a lot of TA needs to be seriously assessed when you're dealing with a bubble asset like ETH.

Just be careful. This has a lot more potential to go down than up at this point in time.
+1 Reply
aamonkey Captainsmugglebutt
@Captainsmugglebutt, I am not saying we can't go lower. And I am also not saying that we will bounce off this support and that the bull market kicks in immediately. I do think, however, that it is a good opportunity to get ETH for the long term, not the short term. And always make sure to have proper risk management in place!
@aamonkey, fair enough. Was just seeking to share my word of caution, the charts looks very nasty for ETH bulls. If you want to see more of what I'm looking at, just checkout my ideas.
ETH will do what BTC does, so ETH does not decide it's fate, but it's being led by BTC.
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