ETH, On the 4-Hr Massive Price Rejections
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They are trying to drive ETH down but there are too many buyers waiting to get in. But they are succeeding at getting people OUT OF THEIR LONG POSITIONS! This is how it works crypto traders. The battleground is being fought right here in ETH. Look at the clouded circles where they have attempted to drive the price lower. I am hoping the buyers will step back in and hold the price above $116.00 -- you might want to keep an eye on the price action for ETH -- it could get very exciting this weekend!
Outlook: HIGHLY VOLATILE -- better take a position and be careful about your risk tolerance when considering a stop-loss as you can see they will take you out and run the price up. This is a ruthless tactic, but effective!
PAY CLOSE ATTENTION TO ETH!
If you find my simple DD helps you make better-informed investment decisions, leaves a thumbs up, and don't forget to follow me on Twitter for real-time updates and life events!
Best,
Biff
Outlook: HIGHLY VOLATILE -- better take a position and be careful about your risk tolerance when considering a stop-loss as you can see they will take you out and run the price up. This is a ruthless tactic, but effective!
PAY CLOSE ATTENTION TO ETH!
If you find my simple DD helps you make better-informed investment decisions, leaves a thumbs up, and don't forget to follow me on Twitter for real-time updates and life events!
Best,
Biff
Nota
They are breaking down ETH as we noted in the chart above -- please review the following chart for additional details -- good luck!Nota
$112 has been tripped and if we continue this trend $107 is the next target. Standby to start Dollar-Cost-Averaging into this crypto. There must be news coming so they are driving the price down to blow it up. Just a guess but we are waiting for Constantinople. BE ON ETH WATCH!Nota
Locked and loaded to see if we hit 107.xx The time for excitement finally came!Nota
Next stop $101.50???? I am watching this closely. It did not last long under $100 the last time. The fire sale may be on. Interesting to see how the Orange dotted trendline held as support during the last big move south.
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