ONE OF THE TOP INDICATORS IN THE WORLD OF CRYPTO!
Have you ever heard of the one indication that practically everyone believes should be ignored but is actually a very useful one for trading?
Allow me to explain it to you.
You may always rely on this indicator! regardless of the state of the cryptocurrency market. A token's propensity to maintain its optimistic or bearish market attitude will undoubtedly be shown by the fear and greed index. This indicator has a wide range of applications. First, the general level of fear and greed that people are experiencing can be used to determine the direction of the trend. You can then determine if it would be beneficial to acquire a token when many people are afraid and sell a token when many people are greedy. The fear and greed index will tell you much more than these. And there are more!
You can determine precisely when to stop trading and simply watch from the sidelines by measuring the general sentiment of the market. This enables you to take numerous breaks from the cryptocurrency market. It lets you relax, and a trader who is at ease will make a lot of excellent trading choices. The next time you ignore the fear and greed index, remember this. Always keep in mind that it might prove to be very helpful in determining the truth about what is occurring in the cryptocurrency market.
THE TAKEOFF THAT WILL HAPPEN SHOULD BE AROUND THIS AREA!
Optimistic views are in for #ETHFI as this token held its $1 price. Although, we are currently looking as to where this is still going to go with the current demands from hungry buyers. Once we see more confirmations to its accumulation phase. The continuation of its rally should be happening anytime soon. Right now, this is currently the zone that's considered to be its bottom and in the event it couldn't hold this key level the least it could go is $0.5-$0.8. That's part of our preparation for the worst-case and best-case scenario.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
