Weekly Update... we still have 1 day and 2 hours remaining in Ethereums' weekly close.
I personally am in no hurry to invest and lose.
I'd rather be certain...
While it looks like it may go up... this next 24 hour candle will give us a clue.
Keep an eye on this.
I do believe we have had our pullback @ $366.42
and goes lower from here.
Next drop is within 2 days - 3 max
I am in USDT awaiting my buy-in @ $165.00 believing that ETH will drop to $162.00
So, if you day trade this, you could incur heavier losses.
I've learned from my mistakes... so... I am on the sidelines for now.
Good Luck all.
Ethereum 1 Day Chart
Unless you are an experienced scalper (which I do not profess to be)
stay out of the Ethereum Market until you see a candle close above the immediate $364.04 mark on the daily.
These quick upward moves are otherwise geared towards FOMO'ing in and losing on the way down.
It moves just as fast! THIS IS VOLATILITY.
I prefer to be in cash and...
This is my Slow-Bleed Visual through November 23rd, 2020.
Trying my hand at predictive moves with profit boxes ahead of time to see how accurate or inaccurate I may be.
Give me a break as I am still a novice at this trying to learn something new everyday.
Just keep an eye on the upper trendlines.
To re-quote as I may have not mentioned it previously...
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...
Current outlook is still the same for ETHEREUM.
After a long uptrend, you finally see exhaustion and the PONZI comes back down.
I believe we are seeing what played out back in January - March of 2018.
We are currently in a down trend.
I am in cash awaiting my buy-in at $165.00
Watching the trend lines carefully.
I believe the blue line has to cross down below...
Ethereum scalability and speed issues edges SingularityNET towards Cardano.
"I Believe" that other companies may move away from Ethereum due to the high costs of "GAS FEES."
There are many other block-chains that are currently scalable and shard and are working!
I know its' hard to leave...