In this technical analysis I attempted to make the chart as self-explanatory as possible, all information should be easily available and understandable. However, if you have any questions feel free to drop a comment down below or to send me a private message.
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After an amazing breakout of Ethereum through the $500 resistance, we are now on our way to new highs. Join me in my next idea to find out how we can reach the $550 level.
@diversionlulu, Thanks for sharing, I had absolutely no idea. This is a great article, seems like a tight stop loss applies for trading Ethereum right now. Might suddenly drop very fast!
karl_jr
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@diversionlulu, Yes some people might sell their tokens but it would be the opposite. All the ETH released to the wild might go to other pools for a longer time. Plus, even if all the people sell ETH in sync, it's only 2%of total market cap.
But again, thanks for the share
Trading-Guru
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@karl_jr, Thanks karl for adding your perspective here too. Might not be as bad then as it first seems