Hello my dear ETH traders & HODLers, hope you're doing well guys!
In this special ETH analysis, we're gonna be looking at Ethereum longer term with our fibo tools: are we in a core trend or what does this correction mean?
We can clearly see that Ethereum is hugely oversold, not just in US-Dollars, but also the direct correlation to Bitcoin. Nonetheless, ETH's price will highly depend on if big brother Bitcoin can defend 6.000. If not: we have key supports coming up at 155 and 136 respectively.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up/and or they just close, as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars
In this special ETH analysis, we're gonna be looking at Ethereum longer term with our fibo tools: are we in a core trend or what does this correction mean?
We can clearly see that Ethereum is hugely oversold, not just in US-Dollars, but also the direct correlation to Bitcoin. Nonetheless, ETH's price will highly depend on if big brother Bitcoin can defend 6.000. If not: we have key supports coming up at 155 and 136 respectively.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up/and or they just close, as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars