In this technical analysis I share my current views on ETH/USD. I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
man you've been right on the target this evening so far - great projection
Trading-Guru
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@meltdownmegs, It's looking really good now! But also for others reading this only now, make sure you don't enter the trade anymore! The risk reward is very low now
ProjectSyndicate
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perfect perfect! let's see what we get now.
nice work, as always!
Nice analysis as always mate! ETH made a new high @ 1340 and now sideways consolidation, Lets see if we have a go at ATH or give us a false breakout short scalp trade. Will update this post with any trade entries:
The Fundamentals are here and now more important than ever, all the world is taking notice. Ethereum is highly undervalued. It has so much potential moving to ETH2 PoS in a couple years or so which will make it cheap to use and stronger than ever. It will be the Mother Earth to a vast number of children (many ERC-20 alts, deFi's, Dapps, etc.) that live on her foundation of the new digital era of decentralized currency, smart contracts, use of the internet, etc. so many more.
Trading-Guru
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@Trader-HP, I must admit I often overlook the fundamentals as I mostly trade on shorter time frames. Does feel that ETH is still slightly behind the other major caps in terms of the value it brings
naominommi
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I wanted to buy ETH but right now the price is very high but am not sure on what price to accumulate shares. Do you think ETH might go down to 700