EthUsd has dropped again to support zone, and a lot are asking if this support is strong and if Ethereum will turn from here? In my opinion, as in other crypto coins cases, for support to hold it would be too damn simple, and, to be honest, I expect a steep drop under. Rallies above 1800 should be considered good opportunities for sellers and the next 1400 support could be the target
@OptimoomFX, So I'm definitely going to be liquidated tonight😭my price liq:16300
kremser
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i personally played this game with EURUSD some years ago when the ECB was 'easing' ... i am starting to see similarities, as this market is not american, european or asian... it's global and it's becoming 24/7 just like forex...
the market will eventually just chase the liquidity... your chart could very well be 100% accurate, but if all the apes are jumping on the obvious short position, especially with leverage... well, the market can be unpredicatable..
cable (GBPUSD) was the worst... it was/still is seriously hard to predict with all the speculation.
@OptimoomFX, i used to do that with forex... with crypto i just buy the coins in the down years and sell them in the up years... less work! good luck out there
timot78
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Indeed, $1400 level appears to be the next. All depends on BTC.