ETH/USD Price Analysis (No strong resistance up to 400.00)
It was pushed back near the double zero of 400.00 on the weekend, but it was stopped again by the horizontal line (462.80 in my chart).
Also, in July, the position of the MPP changed, so that there was no strong resistance up to 400.00.
Horizontal line 461.80 functioned as a resistance line
short.
The first limit is above double zero 400.00.
The second limit is above WePP (S2) 374.38.It is doubtful whether the horizontal line 461.80 functions as a resistance line
Because it sees as downtrend, Long does not think. I will observe.
I would be grateful if you like it idea,give me follow or agrees!
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
Source: https://in.tradingview.com/chart/ETHUSD/4cUQ5qae-No-strong-resistance-are-up-to-400-00/
Love you cryptonations for love and support!
Will you guys Buy ETH/USD at this price level?
Let me know by commenting Below .
Thanks
Syed Eassa Zaeem
@zaeemsyed
This is a real test for the Hodlers!
Yes, ofcourse. Just HODL... Believe in technology
Crypto-currencies face a real hunt. After the nations, the financial organizations and the businessmen, it is now the safe values ??of the web that turn their backs on them. A witch hunt that does not serve the interests of these new currencies, because their image has been rolled. Today, it is Bing who announces the prohibition of advertising valuing crypto-currencies.
The blow is hard for the currency sector 3.0. Bing, the main competitor of Google, hit hard by banning all forms of advertising related to cryptocurrencies. Are concerned the search engine, but also tools related to it. The decision echoes that of the number 1 of the web, which was the first to announce against these advertisements. The movement became general, because Facebook had sided with Google earlier this year. For Bing, the initiative was taken after another web giant complied. Indeed, Twitter is one of many sites that have banned any form of valuation of cryptocurrency.
For entities related to digital currency, it becomes increasingly difficult to gain visibility. Their emphasis should now be limited to a few platforms, but could soon find a solution bypassing these restrictions. Bing's positioning will not have improved the aura of crypto-currencies. While they are already suffering from chronic instability, it is now possible that the latest bans will precipitate them into another downfall. The devaluation could, this time again, be consistent. If the forecasts already announce a decrease of a few points, the experts remain cautious, and avoid making a decision. While it is certain that the course will quickly undergo new bitter waves, no one dares to make an estimate yet.
A preventive decision for companies It may seem surprising to note that crypto-currencies are subject to so many restrictions. Bing to announce that the choice was made in the hope of protecting Internet users. Companies and investors are reluctant to be associated with currencies known for their proliferation in the area of ??scams. Several web players will have noted that crypto-currencies were today associated with fraudulent activities. The remarks on the bad quality of the coins put in circulation are also part of the indices which decided Bing. The platform, aware of the problem, finally settled on the side of its competitors. In this lot, many believe that cryptocurrencies are incompatible with legal activities ... or fully regulated.
Can we then say that the decisions of networks and search engines will have an impact on the development of crypto-currencies? Nothing is less certain, because the sector has an impressive number of resources that could well overshadow the conventional system. The stakes are all the greater because the restrictions do not only concern money. They are also valid for the products that you can buy thanks to Bitcoin or its alternatives.
Thanks alot for your opinion
Superb article bro. So much information in it. Thanks for sharing this
Appreciate your comment
I still like it long term, ETH has stuff going for it, like in the USA it is defiantly not a security, a year from now I bet that matters, a lot
Yes ofcourse, it is not a security for sure. Hope it moons very soon. Thanks for your opinion
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nice post.
Thank You
What exchange do you use to short?
I use Binance. Easy to use exchange and trust worthy.
thanks man
Anytime, keep following for more updates