ETH is starting to develop some interesting new channels. Oddly enough 181 seems as close as 250 does in this case. I'd entertain the thought of hunting for long positions with smaller amounts.
Comments
bernino
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You could probably go long for short term bounce at the the Fib Rets once EMA + Ichimoku says the timing is right i.e. crossover or a little before. I'd use RSI + MACD on top of that on prob 15m to time it well. ONCE you see that it doesn't freefall through the supports. Next stop 180?
speracado
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@bernino, Pretty much the general charting shows 181. Daily is almost getting to oversold levels and 4HR is ready for a bounce, but may be 1-2 more days of bleed until then. I'm a buy at 185.00 and a holder if 181.00 shows. Haha.
bernino
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@speracado, awesome - I'm with you on that. What should we look for in order to confirm the deal, that 181 holds? I'm also curious if we could somehow calcualte what should be the value of ETH in market cap versus the value it holds of companies at some sort of premium... to see for fundamentals. That could be cool
speracado
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@bernino, That's how I'm treating LTC at the moment on my other chart. Waiting to see how the 35.00 area is before ensuring that everything is okay and 36,37,38 are buys or just falling bounces.
bernino
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@speracado, great - do you have a link for it? Always looking for deals :D
CovidScamIsAnIQTest
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all in
speracado
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@sifeij, I'd be all in at 185 to be truthful. I'm just hunting on lower wicks for 4HR with smaller lots. But, 181-185? Yeah I'd buy and hold and eat ramen. :P