EthereumLong
Ethereum - My take in September
Since the target of the “Ethereum to 2k” idea was achieved there’s been a lot of messages asking, what’s happening? As price action collapses the tensions rise. Two things occurred:
1) The majority asking the question do not have a strategy. You will always lose money without one.
2) The majority asking this question do NOT have a strategy. Now I realised I’ve repeated myself but it is such a huge fundamental point I thought it was worth mentioning twice.
On current price action…
For the bulls. You do not want to see a weekly close below $1420. IF that happens, if a candle body closes at this level, it is months and months of downtrend towards $1000
1) The majority asking the question do not have a strategy. You will always lose money without one.
2) The majority asking this question do NOT have a strategy. Now I realised I’ve repeated myself but it is such a huge fundamental point I thought it was worth mentioning twice.
On current price action…
For the bulls. You do not want to see a weekly close below $1420. IF that happens, if a candle body closes at this level, it is months and months of downtrend towards $1000
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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.