Hey lovers! Let's take a look at Ethereum, risk vs reward wise.
Eth has been going on a run for the last month or so, naturally following Bitcoin movement. The coin didnt really have any form of ceiling from 390 to 800 but now it does and we can clearly see it bounced off the bottom of that channel (pink lines on the chart). To me there is no way Eth will be able to break past that channel without fighting for it for a little while. FIB wise we got a bounce off the 0.618 and the fibs from the leg up all match up.
If you are still in this trade then I would sell now. I think Eth is going back to 717 at the very least. At that point its all about Bitcoin movement since Eth follows what BTC is doing.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me NOW! <3
Eth has been going on a run for the last month or so, naturally following Bitcoin movement. The coin didnt really have any form of ceiling from 390 to 800 but now it does and we can clearly see it bounced off the bottom of that channel (pink lines on the chart). To me there is no way Eth will be able to break past that channel without fighting for it for a little while. FIB wise we got a bounce off the 0.618 and the fibs from the leg up all match up.
If you are still in this trade then I would sell now. I think Eth is going back to 717 at the very least. At that point its all about Bitcoin movement since Eth follows what BTC is doing.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me NOW! <3
