Dear friends and technicians.
Ethereum has been in a short term bullish run for a month now but the long term price development seems to be bearish. If the price breaks the 155 barrier, the next ceiling will be the red line (208). In my opinion, the price will start falling and may go down to 62 level.
Overall, I believe that 2019 will be a hard year for most of the economies. There are too much tension and too many uncertainties that has to be solved, china vs. US, Europe with Italy, Brexit and Greece, fluctuating oil price just to mention some. Usually in times like this, people tend to turn their focus on safe havens like gold. The most interesting development for 2019 will be if the investors sees the cryptos as a safe haven like gold. If so, I believe that the prices will be increase and hopefully back to higher levels, if not, I think we will continue the falling trend as described in the analysis.
I would be more than happy to receive your thoughts on my analysis.
Your future analyst RR.
Ethereum has been in a short term bullish run for a month now but the long term price development seems to be bearish. If the price breaks the 155 barrier, the next ceiling will be the red line (208). In my opinion, the price will start falling and may go down to 62 level.
Overall, I believe that 2019 will be a hard year for most of the economies. There are too much tension and too many uncertainties that has to be solved, china vs. US, Europe with Italy, Brexit and Greece, fluctuating oil price just to mention some. Usually in times like this, people tend to turn their focus on safe havens like gold. The most interesting development for 2019 will be if the investors sees the cryptos as a safe haven like gold. If so, I believe that the prices will be increase and hopefully back to higher levels, if not, I think we will continue the falling trend as described in the analysis.
I would be more than happy to receive your thoughts on my analysis.
Your future analyst RR.
Comment:
Etherum breaks through the long term (in my opinion very important breakout) trend and next level of resistance will be from 173-243.