🚨 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 📈 is very likely!
📌 For BTC, for an example, we have already tested the ~66k resistance line and are closing in on it, meaning - oversold 🛑
📌 Same for ETH, where we saw the resistance line being at 3500, also being tested, meaning - oversold 🛑
In the crypto space, drops like we’ve 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. 🔋
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! 🤩
So what are we seeing❓
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 ⚠️
1. If we see a breakthrough - demand arises 📈
2. If we see a test retrival - supply increases to meet the even more growing demand 📉📈
Meaning:
1. A pump with a following dump before the BTC halving. 📈📉📈📈
2. A small dump for an even stronger pump before the BTC halving. 📉📈📈📈
In conclusion:
If you’ve bought before - HOLD 🛑
If you are considering buying - BUY and ADD MORE later. 🛑🔋
▶️ 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! 🚀
❗️By short term i mean days, weeks.
❗️By 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. ✅
Always remember to #DYOR🟢.
Happy trading!