ETH: Deep crash before going to the moon?

[sanida]

Last month was not really a good news for etherium, usually etherium will ride the uptrend like on bitcoins, but last month etherium is having a hard time climbing to $200 its not even close to become $200 now. but if its really going to the moon this year we just need to wait to reached it to even $400 this time.

[jebul2]

in the past year, ethereum was very poor at a very small price but after developing very quickly and giving a very good effect with prices that are still quite high and following the price of bitcoin it is very different from last year

[ciang huang]

this can be very happening in the crypto world because it is very fluctuating and I see that last year ethereum was ranked third, so we didn't panic if we saw the price of coins drop but ethereum for this month showed a pretty good development and I'm sure this will continue to increase

[Taufik blackspade team]

in the past year, ethereum was very poor at a very small price but after developing very quickly and giving a very good effect with prices that are still quite high and following the price of bitcoin it is very different from last year

ethereum's present growth I think is not due to the growth that occurs in bitcoin. because you yourself can see when the bitcoin is experiencing a pump, there are no altcoins that follow it, but shortly after the pump takes place and the bitcoin is stable etheruem and altcoin starts to grow slowly. bad when the bitcoin is not in a strong market position for a long time and is experiencing a correction, the altcoin will soon follow the decline. that's what makes eth and altcoin difficult to develop through market growth.

[legenduim]

Will the Ethereum, the crypto that held second largest cryptocutrrency place, survive this week mayhem?
Is it a deep crash before it goes up?

ETH/USD is down 0.55 percent on day at $173.77 and is down about 18 percent for the week already.
The trend for the long term now remains extremely bearish before any meaningful stabilisation in the prices.

Are we going down to double digits?

Now, it is possible. Probably, it will not double the price but reach half a thousand. This summer can bring profits to those, who invested in Ethereum when it was under $100. Large investments will bring big returns.

[Andrei_Workout]

Someone thinks that ethereum is being conducted on its own, someone thinks that it still follows bitcoins, while all cryptocurrencies follow roughly bitcoins. Sometimes in front or behind him. Today Altcoin has grown ahead of everyone, showing the direction of travel.

[goaldigger]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

[Andrei_Workout]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

today, the market is slowly going down, and as you may have noticed, many are waiting for this fall to replenish stocks of cryptocurrencies at a cheap price and directs up.

[_Sergo]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

as long as the ether goes for bitcoin, it will repeat its movement. And now one well-known and influential person in the cryptoindustry said that as soon as bitcoin passes 10,000, he will reach 50,000 in 5 months, so there is a lot of interesting ahead of us.

[Distinctin]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

today, the market is slowly going down, and as you may have noticed, many are waiting for this fall to replenish stocks of cryptocurrencies at a cheap price and directs up.

Nothing significant happens today, it's the same, price volatility strikes again, and bitcoin is still holding on, it's just hard to break the resistance for now, but give it time, price will rocket again. The high this year was $9000, and that's from $3300, so the price we are holding now is still way higher compared to what we started this year.

ETH has been following the movement of bitcoin, it has already double the its starting price this year, it's a major one already if we speak on its movement.

[cryptosignal.rocks]

Nothing significant happens today, it's the same, price volatility strikes again, and bitcoin is still holding on, it's just hard to break the resistance for now

So it seems.

My trade setups for today

ETH/USD
14 Day RSI at 80% $364.5
14 Day RSI at 70% $291.3
Pivot Point 2nd Resistance $261.8
Pivot Point 1st Resistance $254.8
Biggest resistance 7 days $253.2
Take profit $251.0
Pivot Point 1st Support $234.2
14 Day RSI at 50% $232.4
Biggest support 7 days $226.5
Buy more $225.8
Pivot Point 2nd Support $220.5

ETH/BTC
14 Day RSI at 80% 0.04289
14 Day RSI at 70% 0.03622
Biggest resistance 7 days 0.03213
Pivot Point 2nd Resistance 0.03166
Pivot Point 1st Resistance 0.03129
Take profit 0.03123
Pivot Point 1st Support 0.03036
14 Day RSI at 50% 0.03090
Buy more 0.03006
Biggest support 7 days 0.03000
Pivot Point 2nd Support 0.02980

Buy signal: When the first buy signal comes, buy only if you have sold earlier with a higher price and can make a profit. Otherwise let the price go down, wait until the "Change one hour" turns to positive, and the price has hit a buy wall.
Sell signal: When the first sell signal comes, sell only if you have bought earlier with a lower price and can make a profit. Otherwise let the price go up, wait until the "Change one hour" turns to negative, and the price has hit a sell wall. Also as you can see, pivot point resistances are at $261.8 and $254.8.

[_Sergo]

ETH is not currently an indicator of movement, Maybe it's good, you see growth of LTC, buy ETH, and it starts to grow, before, Now LTC is growing earlier than others

[Farma]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

today, the market is slowly going down, and as you may have noticed, many are waiting for this fall to replenish stocks of cryptocurrencies at a cheap price and directs up.

well, if the perception is correct, then we only need to wait until the ETH price rises again. for now, ETH may have a fairly low price compared to the beginning of 2018. but, I feel that soon, the price of ETH will rise to the peak again. for this year, it might cost around $ 450, or even higher.

[kronos123]

I guess its a great strategy for the manipulators to eliminate those panic sellers then increase it after. It also will benefit those people who knows this kind of technique by eventually buying on the dip then selling on the moon. Playing with cryptocurrency is a matter of guts, patience and timing.

as long as the ether goes for bitcoin, it will repeat its movement. And now one well-known and influential person in the cryptoindustry said that as soon as bitcoin passes 10,000, he will reach 50,000 in 5 months, so there is a lot of interesting ahead of us.

That person is ignorant for two reasons:

1) Ethereum has its own well-defined graph and does not follow Bitcoin and, as you can see below, it has been following a descending channel for about 2 years, and now it will have to make a decision.



2) $ 10,000 is just a number and means absolutely nothing; everything in life follows cycles and waves, progressions and retracements.
If you really want an area to be monitored pay close attention to the $ 11,000 / 12,000 zone, which represents 50% of the primary cycle retracement; exceeded that area, IN CLOSING DAILY, then you can watch the old ATH of $ 20,000 .... from then on there are other progressions to observe but it would be too early to talk about it now.

[ivanserfg]

so we approached the area of 11000 now or there will be a strong span of this area or hang up to 9000, and over the air, it is clear that he backed up the figure of $ 300, and when he breaks through, his movement should greatly accelerate.

[Distinctin]

so we approached the area of 11000 now or there will be a strong span of this area or hang up to 9000, and over the air, it is clear that he backed up the figure of $ 300, and when he breaks through, his movement should greatly accelerate.

We are at $300 now, that's something to celebrate, we should do as we might not see it again this year because price is moving fast, I'm not gonna be surprise if in the next month, we will be at $500 again, that's  like $10,000K of bitcoin since ETH's ATH was over $1K.

[MI6]

so we approached the area of 11000 now or there will be a strong span of this area or hang up to 9000, and over the air, it is clear that he backed up the figure of $ 300, and when he breaks through, his movement should greatly accelerate.

We are at $300 now, that's something to celebrate, we should do as we might not see it again this year because price is moving fast, I'm not gonna be surprise if in the next month, we will be at $500 again, that's  like $10,000K of bitcoin since ETH's ATH was over $1K.

Maybe ETH's last ATH can be reached again when don't know will follow bitcoin price or not. But usually increased price like this will expected to be new ATH. If people keep optimistic with it i think it is possible.

[Iceblast]

Last month was not really a good news for etherium, usually etherium will ride the uptrend like on bitcoins, but last month etherium is having a hard time climbing to $200 its not even close to become $200 now. but if its really going to the moon this year we just need to wait to reached it to even $400 this time.

ethereum arrangements are restrained by obstacles. I think now that ethereum just needs to go up slowly, I think when ethereum is slowly increasing maybe some other altcoins will go up and that will definitely happen. because ethereum is the main key in altcoin.

[wildey]

Last month was not really a good news for etherium, usually etherium will ride the uptrend like on bitcoins, but last month etherium is having a hard time climbing to $200 its not even close to become $200 now. but if its really going to the moon this year we just need to wait to reached it to even $400 this time.

ethereum arrangements are restrained by obstacles. I think now that ethereum just needs to go up slowly, I think when ethereum is slowly increasing maybe some other altcoins will go up and that will definitely happen. because ethereum is the main key in altcoin.

well, the thing that is certain is that when ETH prices rise, altcoin prices may also rise. it's just that, until now, ETH is so difficult to recover, even to penetrate the price of $ 350. I think the current recovery of ETH is indeed quite hampered.

[jerald125]

After revaluation of ETH ( from $1600 to $90 ) it strictly repeats the movement of BTC. Ltc falls with the growth of BTC