Ethereum (ETH): A Fractal About This Time Last Year

in ethereum •  7 years ago 

SUMMARY

About this time last year, Ethereum (ETH) was going through a tumultous correction. Many were getting their panties in a bunch and panic selling without regard for the "long term greedy" potential. Fractals of this type of similar corrections can be found throughout the past trend of ETH.

The correction then completed and a massive vertical price move showed up to the dismay of all weak hands who were suddenly caught by FOMO.

Here we are currently. I ask you, is this the time to be taking SELLING actions or BUYING actions?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Don't know how much of the order book is fake, but there is a lot of support. There are 5.4 times more buy orders than sell orders.

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Price broke the daily trendline and RSI broke the trendline. Ethereum looks like it wants to go higher. Price needs to take out the sellers at $445 (yellow circle) for confirmation.

I would say and suggest that shares are bought if the trend rises since it would be repeated also must see that eth takes several days in a bullish climb so you may make a correction to wait to see how things are given and what options gives the market

I like this blockchain
I appreciate your cryptocurrency news

Thank you friend to share your opinions about
Ethereum. I bought it @$950 but still hope it would be double this year.
Expert comment please.

@haejin Please analyze Recovery Right Token (RRT) bitfinex!

There are too many ICOs waiting to sell their ether. Think about EOS and similar project that will unload billions USD of ETH on the market.

Very informative

Nice info man, great work.

good post @heajin. I love it. and i upvote you. i like looking for bitcoin information. thanks.

  ·  7 years ago (edited)

wow .. your post is very good i always follow and upvote you although upvote i mean less because i still rank small .. please follow me too, thanks ...

Great Informations About Eth.

can u analysis about STRAT ?

  ·  7 years ago Reveal Comment

It always beautiful and boss just say hi..

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
EOSEOS6.053$3.76%-0.19%
ETHEthereum410.517$3.5%-0.25%
WAVESWaves3.643$5.97%-9.71%
  ·  7 years ago (edited)

I think people see small parts of the time line. When you look at overall picture eth went from to 1500 in one year. in one year! That is overall a bull run. BTC was on a 2 year over all bull run! Is it hard to think that correction cant last a year? Common! People expect bull run after bull run. Crypto is not stocks. Crypto grew at much more percentage than stocks in that period. So correction will happen. By the end of it all we may very well be in a bear year in crypto. TA masters seem to be looking way to hard for the next moon, fractals, triangles. Hey lets get everything out there we might hit something lol!

Keep posting the good shit and fuck the haters