Ethereum - lower dynamics last days, slower moves than usual - the buyers are not convinced... - assessment .
There is nothing to predict - just an opinion with STRONG Risk Management in place.
-- Rejection at 200SMA 4H chart & previous strong Resistance @1270 -- There is no bearish divergence on RSI/MACD on 4h charts, however 200SMA serves as a strong Resistance -- Next target : approx. $1020 area -- Range trading in $1000 - $1300 area expected before it breaks -- Essential - low lev & STONG Risk Management
I have a similar view on it. BTC and ETH are testing important resistances. Let's see
UnknownUnicorn18117313
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I'm commenting cus I can't thumbs up twice and I'm too broke to send you coins.
vix-i
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@phillipshin, thanks for your follow-up- i hope you got a good RR on this one? letz find next reasonable opportunity this unreasonable bear mk has to offer )
UnknownUnicorn18117313
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@vix-i, Yeah I'm working for pennies right now, but percentage wise about 30%. What's more valuable to me is the sound analysis. Thanks.
vix-i
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@phillipshin, Great! magic longterm effects with a compounded 30%) one can achieve; letz see if we retest the 200MA on 4h... Best wishes for the next and next 30 :)
Let's see