Two possible scenarios for ETH
Updated
What an interesting couple of days it has been. I'm sure a lot of people are freaking out about ETH right now. Given the recent movements it seems unlikely that ETH will continue in an uptrend. What seems more likely is a drop to 0.086 support levels and then a bounce. Unfortunately there seems to be a lot of correlation to whatever the fuck BTC is doing, so who knows. I sort of think TA is a bit useless right now, but here's my thoughts anyhow.
Note
I still believe that ETH is a solid coin and will bounce back at some stage. I'm going to be buying as much as I can at the cheapest price. But it's hard to say what the low will be at the moment.Note
So far so good. Hard bounce of the up channel.Trade active
Cashed out at 0.12 probably buy again closer to 0.1. Hope everyone is getting some cheap ETH :)Note
ETH seems to be clinging very tightly to this arbitrary green arrow I drew. Spooky!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.