After a decent run up on previous day, Ethereum is seems to be checking a nerves of traders today. After yesterday close of $245.98, today it open at $241.06 went down to $232 taken support there( see blue horizontal line in chart below) went up to $243.69 and now trading at $241.04.
Today dip was good buying opportunity for traders as they could have buy therewith stop loss near $229 and target of near to yesterday high. In up trending market, this strategy works very well. Ethereum is still trading in Rising Channel which is also a good point for investor community.
As I said yesterday update of Ethereum (https://steemit.com/ethereum/@jimmyrai28/ethereum-update-04-06-2017-no-rest-on-weekend-making-new-highs) that because of upward momentum it can hit a $260 plus level in few days. But possibility of sharp down move is also keep on rising each day. It can be a shakeup or real correction that time will tell that, until then enjoy the up move in this script.
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You got new badge.. Great!
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please don't stop, its so gud to see your post!!!!
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Keepin the eye on the prize. One month from now, will it be above what it is or what? That's my question. Thanks for sharing the updates.
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If condition met like clearing of rising trending channel, spike in volume, liquidity infusion, some real good news etc it can scale to more upside.
But one must aware that their is no certainty of certain move and if it is there then everybody will be richer.
I hope you got my point @jacobts
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Yes..... this downmove is a possibility. Thanks for sharing @dubie
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It popped up!
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thanks for sharing
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You are welcome !!!
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