BITFINEX:ETHUSD   Ethereum / U.S. Dollar
As we enter capitulation phase, I expect prices to be able to reach as low as the last launch platform formed before december. My 2 buy points are if we cross the upper trend line or if we reach the next important support.
Comment: Eth has reached a zone of support. I am now waiting to see if we will see some signs of reversal at these levels before doing anything. If we break here I expect eth to deflate like a balloon. Time will tell but right now my confidence in the crypto world is low so I am really not in a rush to do anything even though we reached an important level.
Only panic so far, at least on btc.
FXbrawler AdrianZieniewicz
@AdrianZieniewicz, Yeah it's starting to smell like capitulation. I'm seeing whales starting to load up on alts on binance.
What i was thinking! Support around 400. Converted all my ETH in DAI since break of the red line.
FXbrawler gannscalper
@gannscalper, I didn't know DAI was actually active, thought it was still in development.
gannscalper FXbrawler
@FXbrawler, you can trade it on paradex or radarrelay directly from you eth wallet
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