ETH - As he grew into the trend of decline
As previously reported, ETH is continuing the downward trend, creating longer and longer term bottoms in the long term correction period of -2.14%. The child of Vitalik is increasingly causing the miner's headache after a profit from exploiting Ethereum -6.59%, but the story is increasingly difficult. Let Trade + analyze a little about the current price situation of ETH:
After a -2.14% decline for the first 78 days with 74% of the lost value, ETH fell from $ 1422.2 to $ 362.09, followed by a recovery in the $ 843.88 range. This process lasts until 05.5.2018
From that day on, ETH continues to lose value. By the time the ETH article loses 57% of its value, it is continuing to depreciate by -2.14%.
As in our previous reports, we think the ETH depreciation process is very easy to understand because after a strong price increase of less than $ 10, ETH has grown several tens of times to reach over $ 1400. , and is now a profitable process.
Currently, the indicators are supporting the downward trend of ETH in the long run. In the short term, the frame is smaller than H1, ETH is recovering. However, we will not be at this time!
However, this adjustment process is only temporary, the main trend of ETH is to increase prices, and will increase dramatically to $ 8000 in the future.
We determined to transact ETH with the following commands:
Short-term trading (This process is expected to take place in the second half of August, early September,
- EP: 290 USD
- TP: 400 USD
- TG: 500 USD
Long-term trading (The process is expected to take place from the second half of October to 2019)
- EP: 157.46 USD
- EP 2: 106.21 USD
- TP & TG: Defined in the next newsletter
- TG Long: 8000 USD
At trading levels, we will determine a 5% loss from the EP. With a long-term EP below $ 100, we will have a buy with ETH below $ 50
As you all know, ETH is Altcoin's second most popular Bitcoin -3.64%, so with long-term trading signals we need to keep an eye on the latest news.
Please feeback us for ETH, do not forget to like and share if you like. Wish you successful trading!
