the metropolis release will restore faith in ETH and the team and people will remember that 100.-- were once 10.-- and all that matters is the percentage..
weak hands panic selling are creating opportunities for others to buy in.. we should thank them :-)
weak hands panic selling are creating opportunities for others to buy in.. we should thank them :-)
Note
if the .3 fib can give ETH enough support to bounce we will know soon :-) if it breaks we will go down to .5 first.
glhf !
Note
broke .3 -- but volume is increasing an the chart shows a small bullish divergence..looks like .5 is going to resist the bears...
Trade active
so we had a nice double touch down and while the 0.5 fib level did not resist much (we are actually above it again) the green trendline held pretty well and a reversal is very likely.. i'm going to bet on it :-)Trade active
this is where it gets interesting... the cloud acts as resistance - as does the red line, we are oversold but rsi is perfect.. volume is increasing..i'm guessing here: we will see a small push back and another try to break through the cloud and confirm a new uptrend in the morning
Trade closed: target reached
expecting ETH to come down now.. not for long because i believe that ETH is a very good coin with good marketing and a bright future..
but the resistance seem to high for now..
let the bears have another run and then push back with full force !!!
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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.