The last 24 hours have been interesting for Ethereum but when looking at 1day chart it looks like there could be another major drop from the current price until it bounces again on its 200 EMA. Volumes are still low and this pump won't last.
Therefore probably a good time to sell part of assets to possibly buy them again at a cheaper price.
Could this be the last downwards wave for Ethereum and Bitcoin (and all the others) ?
Good news from SEC hearing yesterday seem to promote a soon to come healthy recovery for cryptos and we might soon see the bottom of this quite frustrating bearish movement.
Is my buy zone too low in your opinion? Should I scale it a bit earlier?
Thanks for reading and sharing...
Lots of TA these last days just went wrong these last weeks, with bottoms being re-adjusted as the down trend got steeper and steeper and even oversold RSI wouldnt help to push it back up decently.
But we do see a recent increase of volumes which could mean that the engine is warming up for a much waited positive trend.
Buy level for Ethereum ETH around 420 USD...
Ethereum #ETH just made us a nice and clean Classic Wu-Tang Wave. It is believed to bring power and greatness to the coin
In the end everything will be ok. If it's not ok, it's not the end just yet.
#zoomout #cheerup #hodl