ETH/USD
I don't know... Ethereum looks really bad in my opinion.
If we do reach 150$ price, I'm looking to buy a big bag of it.
I still have some of my holdings in Ethereum but we need to face the reality that there is a possibility that we can fell all the way down to these levels which I'm predicting.
ALT coins usually drop more than 90% in bear markets. If Ethereum reach 100-200$ area this is 95-98% drop from it's all time high.
In previous bear market Etheruem dropped around 94% . I'm very cofident about that we will see Ethereum below 450$ very soon.
Stay safe, trade your analysis , do your own research and invest only how much you can afford to lose.
Nothing in this analysis is a financial advice.
If we do reach 150$ price, I'm looking to buy a big bag of it.
I still have some of my holdings in Ethereum but we need to face the reality that there is a possibility that we can fell all the way down to these levels which I'm predicting.
ALT coins usually drop more than 90% in bear markets. If Ethereum reach 100-200$ area this is 95-98% drop from it's all time high.
In previous bear market Etheruem dropped around 94% . I'm very cofident about that we will see Ethereum below 450$ very soon.
Stay safe, trade your analysis , do your own research and invest only how much you can afford to lose.
Nothing in this analysis is a financial advice.
Note
Support and resistance area (yellow zone) reached. Took a short from 1950$ let's see what Ethereum have for us in upcoming days/weeks.
Btw... Look at the fear and greed index. On 15.8 .2022 we see a number 45. Investors are greedy and they feeling the Fear of missing out (FOMO).
Ethereum have 6 bullish weekly candles in a row. This is one more reason why I'm shorting this support and resistance line.
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