ETH/USD - Ethereum US Dollar
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Latest comments ETH/USD
After ignoring yesterday's noise, as mentioned on the BTC forum, I revisited ETH prices on various exchanges. It is clear that ETH is on the way towards reversal. It will take time to recover and my expectations are that once the consolidation between 190-235 is over, we will see a move. Volume is supporting the recent low (167-provisional bottom) & Oct 11 falling three method still holds since yesterday's price couldn't break the consolidation resistance at 235. So far ETH retraced 78% (186) on GDAX & is trading above key Fib0.618 (200) support. I will monitor the price but I guess it will take time to reach 544. Once 250 breaks, I will confidently load more. Downside correction limit is 177-186 for now....https://invst.ly/8vuhv... I will keep on taking a benefit of this range (225-180) to make short-term profits. ... (Read More)
2 hours ago· ReplyIt has 4 layers of MA on the 4HR all within a 13 dollar range.It's going to need a lot of boost. ... (Read More)
3 hours ago· 1 · ReplyFrom a large wave count perspective it looks like it was giving an idea of a large 3 impulse up beginning. However, from 253-190 it was numerous days longer than it should have been and I would feel more comfortable if if reached 190 sooner and then had this move up. Granted I was holding 190 as a key number, but this odd Tether news knee- jerk reaction and crazy arbitrage now is smelling funny with the coincidental possible wave timing. Maybe it's the only way to force a next wave up as the timing seem uncanny, or trap longs into thinking an impulse leg up has started. I'm neutral as of now. ... (Read More)
13 hours ago· Reply