Crypto Ethereum (“It is like the 2017 all over again”)
View On Ethereum ETH/USD (23 MAY 2021)
There is a saying, "WHEN THE SHOESHINE BOYS TALK STOCKS IT WAS A GREAT SELL SIGNAL".
It is still true after almost 100 years, as the humanity stays the same.
Now, a lot of leveraged crypto traders must have learnt, the important lessons on Risk Management.
"Ethereum just moved from the crazy Parabolic phase to the more sustainable Uptrend phase."
After almost 50% fall, I kind of see ETH shall find some support at the current price regions (at least for now)
I see $1,880~$2,000 as good support region to accumulate some bargain ETH, it shall swing back up toward $2,500 at least as an retest.
Those "1-day-50%ROI" days are over.
Let's see.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
There is a saying, "WHEN THE SHOESHINE BOYS TALK STOCKS IT WAS A GREAT SELL SIGNAL".
It is still true after almost 100 years, as the humanity stays the same.
Now, a lot of leveraged crypto traders must have learnt, the important lessons on Risk Management.
"Ethereum just moved from the crazy Parabolic phase to the more sustainable Uptrend phase."
After almost 50% fall, I kind of see ETH shall find some support at the current price regions (at least for now)
I see $1,880~$2,000 as good support region to accumulate some bargain ETH, it shall swing back up toward $2,500 at least as an retest.
Those "1-day-50%ROI" days are over.
Let's see.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The Big Cat (Dead Cat Bounce) is rather Hugh.
It hit our expected Take Profit (TP) level again.