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February 27, 2018, 04:46:09 PM |
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The breakthrough provoked by the speculators reached the previous resistance line and, as expected, went to a reversal.
This behavior once again confirmed its artificial origin: apparently, it is an ordinary haircut of those who believed in the new bullish trend on this takeoff. And that means that there are no preconditions to abandon the previous scenario.
The main medium — term forecast remains the same-bearish trend with the desire to the bar of $8 000.
The forecast for the next 24 hours is obvious: the downward correction after a sharp take-off. After recovery of at least 30% of the score it will be possible to predict the future behavior.
This will have to do with an eye to the probability of a cascade of such jerks: such tactics have already been used. Wishing to get the most, shaking the water, a lot: entering the game you need to insure short stop losses. Conservatives may want to consider the possibility of earning on Althing: more stable and predictable behavior of the Ethereum.
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