Short term target @ 160 area
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Total Market Cap shows bear flag near end of structure. Second uptrend channel weaker than first.
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ETH is now at a significant support level we might see a bounce up from.
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163 area is my next lower target
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BTC is strong while most others are weak> I am not interested in buying until total market cap gets past the black line. The other cryptos need to confirm or forget it.
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Target reached:
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the chart shown is bullhsit my prediction was right
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It's been a while since i did a post on ETH... actually at this point i like ETH better than most including LTC and BTC... ETH continues to bounce around above its upper channel breakout line (gray) and yes it has broken out of this channel and continues to look promising. On a negative note... the current flag has about run it's course and we are due for a downward slide.... i do think most of these selloffs can be bought with confidence that ETH will bounce... of course that remains to be seen as to what the whole sector does going forward... I do like ETH preferably along the gray lower channel line as a good buy for pure gambling.
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So where da fuck do i buy.... ? lol... i apologize for making my previous post so vague... here i have added where i would think about adding some ETH. Hope this helps. Please like my post if you want me to continue updating and thanks for viewing.
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so here is my now updated buy level... around this price we should see a bounce, see chart
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ETH and other cryptos are starting to shape up here and are looking more bullish but i dont think we have quite bottomed yet although LTC may have. I am looking for one more drop on ETH and BTC . I expect ETH to continue moving upwards here towards 170 and then drop to around the 146 area. I will be a buyer at 146. Also if break out past 170 i will be a buyer of ETH.
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So who just told ja to sell at 170 and look for downside?
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ETH appears to be gathering some steam below 170 but until that level is broken i am still looking for more downside as a much safer entry.