Plain and simple ETH analysis TODAY

2021年2月28日

Asian Market has been a little rough during the night. ETHUSDT

Things might not look good for ethereum regarding fundamentals, as CZ is trashing it and "fud"ing ETH on a daily basis.

Though, guys, ETH is not going anywhere, it might perform a little weaker than expected, but there is still a lot of room to grow.

Thing is , we are still in for boring sideway action between the 1300 / 1540 range

Support held well, it's just everybody is in doubt and fearfull.

Right now, you all need to chill, this is nothing but a little needle prick.

3 Bullish divergence are building up on the RSI also, (common to bitcoin chart) and this might indicate a much stronger bounce than expected

But as a day trader, this is the right occasion to remember to always take profits, and stay out of the market once it's done.

You want to remain a calm observer, with 0 emotions.

And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.

I would recommend to use 0 to 1/4 of your position on leverage, not more, right now.

See you all tomorrow, and don't forget to smash that like button !