I think that most ETH-Crypto believers claim ETH is cheap at these levels when no one knows how to actually value a crypto. So this argument is simply stating ETH is cheap at these levels relative to ETH's all-time-highs. I am of the opinion that some faith in crypto has been lost at the moment while the staunch believers seek a chart that will validate their "to the moon" projections. Simple is always best. I have stated that ETH is in a Bearish trend in several posts. I have articulated why I believe this using FACTS, something commonly missing in other technical analysis. Simply stating we will go up from here or fall like a rock is irresponsible and portends someone has inside information to make such a prophecy.
I still have no position but may pull the trigger on a short position. If we fall break below $180 (blue arrow) the volume is not there to hold ETH up and the probability is high ETH will continue its fall to the next POC. Be very careful at these levels, make sure you are comfortable with your entry point and have a plan to exit. Do not take unnecessary risks based on someone else's forecast. I continue to follow the bearish trend and may take a short position.
***The collapse of ETH is inevitable***
techcrunch.com/...-is-inevitable/?guccounter...
Always do your own DD before taking on such high-risk trades.
I still have no position but may pull the trigger on a short position. If we fall break below $180 (blue arrow) the volume is not there to hold ETH up and the probability is high ETH will continue its fall to the next POC. Be very careful at these levels, make sure you are comfortable with your entry point and have a plan to exit. Do not take unnecessary risks based on someone else's forecast. I continue to follow the bearish trend and may take a short position.
***The collapse of ETH is inevitable***
techcrunch.com/...-is-inevitable/?guccounter...
Always do your own DD before taking on such high-risk trades.