Ethereum Analysis
SUMMARY
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Great Post
The double wedges looks quite bullish
I hope this is the way things go. It is a beautiful analysis and if this is the sort of thing that financial analysts do to see trends, it is amazing. I like what I see. The ETH downturn has been an incredible disappointment as a cryptominer and someone interested in the altcurrencies in general. If ETH dies, it sets the example that others can follow suit. ETH has to survive, along with BTC for everything else to work, as far as I am concerned.
I am now buying for at least one month or more holding
Great post totally agreed with your post. Follow you to hear againA
Thanks for the video haejin, yeah it is much easier to understand the graph with you explaining the technicals =)
Very nice analysis. I have the same view also.
As ETH is reaching the end of the falling wedge, we can expect break out.
Great post.
Ethereum has been moving inside the symmetrical triangle since long and is now approaching the end of the triangle(just like many other alts). The outcome of this movement in the triangle can be either break upwards or break downwards. If it becomes bullish, then it’s a good news(for Longs ofcourse!). But if the things go southwards, I do see a good support in the $450-$475 region. A very strong support lies in the $400-$360 region.
One peculiar thing about Ethereum which i noticed is that, it has been following the same uptrend line since May 2017. This line has been tested a few times in the past and has proven to be a great support from which, the price always rebounded. I see a good possibility that this uptrend line may be retested in the near future and if that happens, this line must hold else things are going to get ugly for Ethereum.
On the positive side, ETH must break out of the downtrend line for any good Bullish movement.
Do check my complete analysis here:
https://steemit.com/money/@imfamousrajat/eth-usd-market-analysis-18-june-2018
Keep up the good work. Do leave a feedback for me too.
Thank You.!
Very nice analysis
@haejin please give us an update on Steem