๐จ So. Is $ETHFI about to rise?
I have been monitoring $BTC and $ETH for some time now and let me tell you - price breaking to ๐ is very likely!
๐ For BTC, for an example, we have already tested the ~66k resistance line and are closing in on it, meaning - oversold ๐
๐ Same for ETH, where we saw the resistance line being at 3500, also being tested, meaning - oversold ๐
In the crypto space, drops like weโve seen in 24h, are a sign of big buys coming in, as supply is starting to close in and taking their profits, giving the space for demand to arise. ๐
Again, i wont get tired of saying - ETHFI has such a strong market and its truly incredible how strong and stable it is - for an altcoin, that is very impressive! ๐คฉ
So what are we seeingโ
As from 10h to the moment of writing this post, a rise in supply is starting to meet demand, as we are seeing a very strong ~3.9 resistance line being tested. This is where have to stay cautios โ ๏ธ
1. If we see a breakthrough - demand arises ๐
2. If we see a test retrival - supply increases to meet the even more growing demand ๐๐
Meaning:
1. A pump with a following dump before the BTC halving. ๐๐๐๐
2. A small dump for an even stronger pump before the BTC halving. ๐๐๐๐
In conclusion:
If youโve bought before - HOLD ๐
If you are considering buying - BUY and ADD MORE later. ๐๐
โถ๏ธ Remember - we are in the start of a long bullrun, so pumps & dumps are normal. Short term trading requires more research and calculations, long term gives you a possibility to enter and let it grow! ๐
โ๏ธBy short term i mean days, weeks.
โ๏ธBy long term i mean months/years.
PS! It is important to make smart financial decisions, so take this information with a pinch of salt and NEVER trust anyone for giving financial advice, no matter how good and proof giving it sounds. I am not a financial advisor and wont take responsibility in your negative outcomes.
Your money - your decision. โ
Always remember to #DYOR๐ข.
Happy trading!
