Ethereum looks more optimistic than Bitcoin. The price reaches SMA100 which acts as a strong support line. The price can bounce from this zone and move to 1000.00 resistance level. In spite of MACD and DMI confirm downward movement, the current levels are good for buying for long term. Also if you don't use margin and ready to start building long term positions, it's possible to open buy trades even without stop orders. But the main thing is, the trade volume should not be too big, just up to 10% from the capital size will be good. The market can break SMA100 and drop lower, and we have to think about it also. The next support zone will be at 500.00 level. This support also will be good for new buy positions.
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SMA100 holds the price. It gives us new buy opportunity.
@Lavrov With all due respect, i don't think that we could possibly see that Ethereum price (neither that level, neither 700 level too).
Bitcoin will continue to go deeper, Ethereum won't be able to handle with fluctuations and will go down to 500 level.
Having in mind that we do have continuous Bitcoin downtrend pulling entire market downwards.
Regardless eth is mega bullish (i agree), we won't see level 1000 prices, because every other altcoin didn't have significant growth because of Bitcoin opressing them.
Regards
HuynhLoc
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@DLavrov update please, i bought all money all for ETH tonight.. Please update
nginx
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A trade looks unlikely at this stage. It all depends on whether the King will show mercy on us. It's taking us all to hell right now, so I presume ETH will follow as well.
arandon
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@nginx, it all depends on SEC, they have a meeting tomorrow as for the entire cryptoindustry in US. TA is crap here.
sakilmahbub
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The whole crypto is confusing but hodling.
rickdavis1916
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any update on ETH/USDT? Please
Thanks
PanPrezesJohny
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Yeah, Ethereum, Litecoin and whatever, the charts look all the same.
ReneSchou
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Only 14k bitckoins is bought on Bitfinex above 1k Dollar. After that the price falls to 60$ before there is any buy orders in the order book. We might se a truly crash tonight
CoinRat
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@ReneSchou, the order books only say so much about what is really going on, especially when you have whales constantly manipulating them with orders of millions of dollars that appear and disappear very quickly. Also, what you see on one exchange is not very representative of the entire market. There have been plenty of cases of flash crashes on individual exchanges. This is usually the result of a whale doing a very large market sell order, perhaps intentionally, perhaps not. The price tends to recover very quickly as the order books fill back up. It also tends to have a minimal effect on the overall price across the market. Do you remember the ETH flash crash on GDAX last year? It dropped to $0.10 briefly. Too bad I didn't have a standing buy order at $0.11! (or a GDAX account for that matter, because Coinbase can go to hell)
FLADING
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So do you think It's a good time to buy? This chart is outdated now, give-us an update please ;)
With all due respect, i don't think that we could possibly see that Ethereum price (neither that level, neither 700 level too).
Bitcoin will continue to go deeper, Ethereum won't be able to handle with fluctuations and will go down to 500 level.
Having in mind that we do have continuous Bitcoin downtrend pulling entire market downwards.
Regardless eth is mega bullish (i agree), we won't see level 1000 prices, because every other altcoin didn't have significant growth because of Bitcoin opressing them.
Regards