Hello everyone,
eth does not want to redeem us from this no-movement since weeks! It is important to keep an eye on this, because periods of stand still are mostly followed by strong movements, exactly then, when no one is thinking of it.
I’m still expecting a final sell-off before eth will make the turn-around to new highs. The question is: how deep will this sell-off take us?
There are three levels of strong support, so I think one of them will make it:
1. 174$
2. 120$
3. 82$
If these supporting-levels won’t hold, eth will fall down to 50$ or maybe deeper.
It is also possible, that we will see a rise up, but I do not think so.
We all want a decision now – in which direction ever!
Take care,
tgo
eth does not want to redeem us from this no-movement since weeks! It is important to keep an eye on this, because periods of stand still are mostly followed by strong movements, exactly then, when no one is thinking of it.
I’m still expecting a final sell-off before eth will make the turn-around to new highs. The question is: how deep will this sell-off take us?
There are three levels of strong support, so I think one of them will make it:
1. 174$
2. 120$
3. 82$
If these supporting-levels won’t hold, eth will fall down to 50$ or maybe deeper.
It is also possible, that we will see a rise up, but I do not think so.
We all want a decision now – in which direction ever!
Take care,
tgo
HK-Capital-Management
