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. www.cryptopolitan.com "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 Ethereum, but until it is a proven scalable...
A one month view. Looking for opinions. I am looking at the highlighted areas from the previous 1400 + High (setup) To the current situation. I am still leaning to the short side unless I see a breakout of the above resistance. Still sitting in cash. Hoping for a "FLASH CRASH" to $100.00 Range.
This is Ethereums' one week chart.
Another View of Ethereums' Chart - Please comment
Ethereum 4 Hour Chart... watching cautiously... TIME FRAMES TELL ME THIS IS GOING DOWN VERY SOON...
Was my bear flag drawn too short opinions please. We should know in another 24 hours if it was or not.
Markets Highly Volatile. (AGAIN, STFO and buy lower!) Sure, you could get "short term gains" playing the current scenarios... why get caught up in it where you might have a 50-50% chance of winning (or) losing or worse... lose it all...
Update on Ethereum Massive Drop
Extended the Flag further in balance - keeping a cautious view.
Remember, I am cash only at moment. Believe this to be a fake out. HOWEVER, I have a Buy-In set at $400.00 in case this is a Bull. OTHERWISE, This buy in will cancel out in favor of a LOW
Market Volatility - Changed my buy in price to $195 Staying out of market until it drops. I am all in cash at the moment.