Ethereum recovered from the downwards trend?
Ethereum has been in a downwards trend for quite a while now. Some rumors went that it could go down all the way back to the 40-50 dollar range. Everytime the price goes up for some hours however, articles like these pop up, suggesting that everything will be alright again. However as great as it may look, a 20 hour surge in price. I have to inform you all that until this point right now, we are still within our downwards trend tunnel within the .382 fib level. It could go two ways now, either back down all the way until the 110 level, or back up towards the 227 resistance or even beyond! Will ether keep surging? Or is this just another small correction in a downwards trend? Let me know in the comments!
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And we broke free of the trend :) Lets see if it holds the 0.382 level. I hope for a pull back so i can get back in (sold like 5% just in case it went down further so i could buy in with more down the road haha).
Ether will/has recovered. If we pierce 200, 220 is well within reach by end of week. We could see a retracement back towards 155-160 which is a clear buy signal to me. I still call Ether at 500 by EoY.
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Ether seems to be too down for a long time because of so many shit ico token coming through ether blockchain thats why hope the futuer is bright for ether
watching the top 3 coins all skyrocket last night. glad i got a few more in at the 15x range, but was hoping to get a few more later this week. I dont mind one more downtrend before we are off to the MOON!
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