Ethereum is being ignored, and no wonder. Her big sister Bitcoin has been getting all the dates lately and Ms Ethereum has been sitting quietly at home planning her escape. ETH needs to break out (of the house) without getting caught and sent back to her room. She has made two attempts so far, but she didn't make it very far. This sort of reminds me of Cinderella and her wicked step sisters Bitcoin & Litecoin. Hmmm. I sense a Disney movie in the making. :0
What we need to do is to watch $320 and put an alarm at $320 so we are not caught off guard that Cinderella is escaping. This 320 level marks the front porch of her house and she needs to make it to the street to get into a fast car to facilitate her escape. Will she make it this time? Only if her getaway is fast & furious. <groan> But if the price falls back into the resistance zone, then poor old Cinderella has been caught yet again and it is time to exit the trade.
P.S. I wonder if anyone has named their kids after a crypto currency? Imagine a child being named "Ethereum" or "Cardano" or "Doge"" or heaven forbid "Ripple"? When crypto explodes and more people catch on to it and make a few million, I'm sure they will start naming their kids after their successes.
What we need to do is to watch $320 and put an alarm at $320 so we are not caught off guard that Cinderella is escaping. This 320 level marks the front porch of her house and she needs to make it to the street to get into a fast car to facilitate her escape. Will she make it this time? Only if her getaway is fast & furious. <groan> But if the price falls back into the resistance zone, then poor old Cinderella has been caught yet again and it is time to exit the trade.
P.S. I wonder if anyone has named their kids after a crypto currency? Imagine a child being named "Ethereum" or "Cardano" or "Doge"" or heaven forbid "Ripple"? When crypto explodes and more people catch on to it and make a few million, I'm sure they will start naming their kids after their successes.