Ethereum could free fall to $300
Updated
If Ethereum breaks the current support at $465, it could fall to $300 where there is strong support.
RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up.
The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to 6k but this time, it looks like ETH has taken a hit.
Nevertheless, great time to buy and accumulate almost any coin but especially a coin such as ETH.
Just my opinion based on what I see. Please do not act on it.
RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up.
The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to 6k but this time, it looks like ETH has taken a hit.
Nevertheless, great time to buy and accumulate almost any coin but especially a coin such as ETH.
Just my opinion based on what I see. Please do not act on it.
Trade closed manually
This might not happen after all. Positive news from G20 meeting."The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin."
reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUSKBN1GU0SF
Related publications
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.