UPDATED ETHEREUM SHORT 10/4/2020 DON'T FOMO In and get REKT.
I am still Bearish on Ethereums outlook overall but that could change.
Ethereum One Day is currently (under heavy banded resistance.)
Note: We wont have a solid upward cycle unless the current 24 Hour Candle closes above: $371.00 .
It will meet resistance at: $368.03
Breaking $368.03 but not closing at above $368.03 by tomorrow night still leaves it in bearish sentiment.
If it closes above $371.00 it could retest $488.00
Newer RED RESISTANCE DOTS are forming at the prior $314.12 level
And so currently, the odss are that it touches or breaks that level.
I am still prepared for the downward move but am providing these resistance lines to help cope and keep you informed of the possible upward moves. But, remember, we must get a close on the 24 hour candle before we can make further determination one way or the other.
As always, I am posting this as it is my current plan on my journey towards understanding TA and is not trading advice. It is for my educational purposes only and hopefully is helpful on giving you insight.
The below (2 articles) simply help me conciously understand that my feelings for a downside are more plausable than I could come up with on my own. It does not mean that it is going to happen. I take everything with a grain of salt.
I am supplying (2) key headlines for Ethereum.
www.newsbtc.com...m-case-for-310/?utm_source...
and
bitcoinist.com/ether...re-flashes-warnings/
Ethereum One Day is currently (under heavy banded resistance.)
Note: We wont have a solid upward cycle unless the current 24 Hour Candle closes above: $371.00 .
It will meet resistance at: $368.03
Breaking $368.03 but not closing at above $368.03 by tomorrow night still leaves it in bearish sentiment.
If it closes above $371.00 it could retest $488.00
Newer RED RESISTANCE DOTS are forming at the prior $314.12 level
And so currently, the odss are that it touches or breaks that level.
I am still prepared for the downward move but am providing these resistance lines to help cope and keep you informed of the possible upward moves. But, remember, we must get a close on the 24 hour candle before we can make further determination one way or the other.
As always, I am posting this as it is my current plan on my journey towards understanding TA and is not trading advice. It is for my educational purposes only and hopefully is helpful on giving you insight.
The below (2 articles) simply help me conciously understand that my feelings for a downside are more plausable than I could come up with on my own. It does not mean that it is going to happen. I take everything with a grain of salt.
I am supplying (2) key headlines for Ethereum.
www.newsbtc.com...m-case-for-310/?utm_source...
and
bitcoinist.com/ether...re-flashes-warnings/