This to me looks like the first sign of true capitulation!
Heavy buy volume found on the Daily here for the first time, in a long time - since November 2017
ETH has limited downside potential at this point but I think $50 can be reached if Bitcoin shows another strong leg down.
IF you have the capital, and faith, I think now is the time to start accumulating Ethereum.
Upside potential at this point far outweighs the downside, so R:R on any long term trade here is decent.
This is the chart I am watching most intently of all coins. Small, low leverage longs here could see great payoff. We have previously seen a great bull run from this level.
But, if this support level fails (and I am not a huge fan of relying on horizontal support) I think $50 ETH is in the cards.
Good luck traders, stay safe out there!
Heavy buy volume found on the Daily here for the first time, in a long time - since November 2017
ETH has limited downside potential at this point but I think $50 can be reached if Bitcoin shows another strong leg down.
IF you have the capital, and faith, I think now is the time to start accumulating Ethereum.
Upside potential at this point far outweighs the downside, so R:R on any long term trade here is decent.
This is the chart I am watching most intently of all coins. Small, low leverage longs here could see great payoff. We have previously seen a great bull run from this level.
But, if this support level fails (and I am not a huge fan of relying on horizontal support) I think $50 ETH is in the cards.
Good luck traders, stay safe out there!