EthereumLong
Ethereum Update - Broke $188 Resistance
Hey traders, if you saw my last post you'd know I called the next move up to 188 to a T, I told all of you that anything below the 169 price point level is all institutional level players buying. Marked in the yellow box is the prime point to buy-into Ethereum. All this was is just extra accumulation, to everyone thinking we're going down to something crazy like sub $100 prices, we're not.
A $100 Ethereum just isn't feasible anymore, right now is your lowest point you can buy into it. All of these coins are finishing up their accumulation, and won't stay at these prices forever.
Start of October, ethereum broke its July downtrend, the one from the spike up in June to $380. Now, it looks like its ready to make another move higher.
Ethereum and all of the other altcoins have slowly been gaining in their bitcoin values since the beginning of September. The Bitcoin dominance is dropping slowly but surely. The big players like to shake out weak hands and retail traders by crashing the market like this every so often.
Now ethereum is hovering around 188right at that 4H support. Its held this 169 considerably strongly, meaning I don't think we're going to see a lower price in ethereum .
All this dip was is just consolidation from the previous spike up, not a bear market, or the coin is dying, no nonsense like that. Just take a look at that spike up to $221, that happened in the span of 3-4 days. Of course we're going to see an even more aggressive sell off to another low, then re-accumulate to do it all over again.
We should see ethereum close above 188 and start to regain the uptrend and continue the bull market. We're not going down, this is just the beginning of the next run up. Watch. Then we'll test 200, then 221, and then 384.. I feel it coming.
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
As always please do your own research, I am not a financial advisor.
A $100 Ethereum just isn't feasible anymore, right now is your lowest point you can buy into it. All of these coins are finishing up their accumulation, and won't stay at these prices forever.
Start of October, ethereum broke its July downtrend, the one from the spike up in June to $380. Now, it looks like its ready to make another move higher.
Ethereum and all of the other altcoins have slowly been gaining in their bitcoin values since the beginning of September. The Bitcoin dominance is dropping slowly but surely. The big players like to shake out weak hands and retail traders by crashing the market like this every so often.
Now ethereum is hovering around 188right at that 4H support. Its held this 169 considerably strongly, meaning I don't think we're going to see a lower price in ethereum .
All this dip was is just consolidation from the previous spike up, not a bear market, or the coin is dying, no nonsense like that. Just take a look at that spike up to $221, that happened in the span of 3-4 days. Of course we're going to see an even more aggressive sell off to another low, then re-accumulate to do it all over again.
We should see ethereum close above 188 and start to regain the uptrend and continue the bull market. We're not going down, this is just the beginning of the next run up. Watch. Then we'll test 200, then 221, and then 384.. I feel it coming.
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
As always please do your own research, I am not a financial advisor.
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