LukasUhlir

ETH long for 1 day

BITSTAMP:ETHUSD   Ethereum
ETH very much respects the resistance trend line, so I think long position is only temporary. Today I would like to see the purchase at 842 and the subsequent sale at the price of 874. I do not think ETH has the strength to break resistance and scramble over the price of $ 900. On the contrary, I think we will still see a purchase below $ 800. By price stagnating from 820 to 860, our trend line is also decreasing. In my estimation, we will approach it within a week to $ 850 and break it down. Thereafter, the price should rise to $ 1,000, with another strong resistance. If the 842 purchase fails, I will not panic and climb unnecessarily into the market for 1-2%. In my opinion, it is now better to wait for a better price and gradually buy positions below the price of 842. If the market does not want to turn down, I will jump into the store at a price of around 906 USD, where it is fairly certain that we will continue to the border 1 000 USD. I see the bottom line at a price ranging from 750 to 730 USD.
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