Just another update on what is happening with Ethereum since yesterday.
We did not see any follow through to the upside and instead we have seen a breakdown out of a rising channel.
I think it is wise to mention that the main trend is to the downside so trading bear market rallies can be risky.
At this stage if price continues lower and cannot break back into the channel then I would expect prices to fall further.
I have been starting to see news headlines saying that some Cryptos are bouncing, I take the opposite view when I see type of articles.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
We did not see any follow through to the upside and instead we have seen a breakdown out of a rising channel.
I think it is wise to mention that the main trend is to the downside so trading bear market rallies can be risky.
At this stage if price continues lower and cannot break back into the channel then I would expect prices to fall further.
I have been starting to see news headlines saying that some Cryptos are bouncing, I take the opposite view when I see type of articles.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
