ETH - Next Support at $150, expecting $520 after a reversal

ichai

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Worlds Simplest Cryptocurrency Wallet

Quote from: TargetCoin on July 15, 2017, 03:46:53 AM

Ethereum is going down to $150 technically. $150 is also a Fibonacci 0.786 retracement of the move from 99 to $420.

Looking for it to go to $520-540 on a reversal, which is an extended fibonacci target.

We called the Ethereum shorts when it was at $320 and $270 on our Twitter

Target Coin is a tokenised long-short fund making money on both price rise and price fall. Join the ICO

This is a very interesting community and has good analytical expertise. But I think I do not fit in with everyone's short-term investment. I just want to invest long term and want to see my portfolio bring great profit in the distant future.

wgd

legendary

Activity: 1815

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Very interesting topic - it is very funny to read such old things,
and it would be great if we have reapeat of this situation (we have almost 150$ mark reached - about 165-170 exacttly) and would be very nice to se 500+ again soon like years ago Wink

roterdam

hero member

Activity: 640

Merit: 500

interested to BUY CASASCIUS

Quote from: Chevas Regal on July 20, 2017, 10:22:29 AM

It has started going up again.

On a 4H chart it did not stay below $150 for a long time.

No matter even when there is a fear in the market, technicals work because not everyone is fearful and big guys deciding the price enters and exits at certain psychological levels.

dont trust this guy chevas regal he is a serial scammer

JustLooking7

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Activity: 112

Merit: 10

Too wild expectations at this moment on this market

Smaczny

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Merit: 100

In my opinion too big % of price change

Chevas Regal

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Activity: 378

Merit: 250

www.tgtcoins.com/ico

It has started going up again.

On a 4H chart it did not stay below $150 for a long time.

No matter even when there is a fear in the market, technicals work because not everyone is fearful and big guys deciding the price enters and exits at certain psychological levels.

RedNovember

member

Activity: 112

Merit: 10

I don't think it can recover that fast I'm expecting a few months of it being low

But still there is money to be made for those with the right attitude...

ChironRegera

full member

Activity: 138

Merit: 100

Quote from: wgd on July 16, 2017, 08:12:03 AM

We have a $ 150 blroken Sad

I think another important level is $ 120, yesterday it seemed that ethereum started playing against bitcoin, unfortunately it did not last long ..

I'm also keeping an eye on the $120 level.

ostsee77

sr. member

Activity: 518

Merit: 258

Quote from: mkmdoc on July 16, 2017, 03:21:12 AM

Quote from: ostsee77 on July 16, 2017, 02:17:12 AM

i think today 140$ . No ground to see Angry

Still, many big expectation on ETH because by the end of 2019 ETH may reach to 1000$. These is best time to buy ETH, because many new people entering into ETH market.

134$ Questions Grin

fia_naila

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Activity: 770

Merit: 258

The Standart Protocol - Solving Inflation

eth will be death soon, sell it now...

wgd

legendary

Activity: 1815

Merit: 1005

We have a $ 150 blroken Sad

I think another important level is $ 120, yesterday it seemed that ethereum started playing against bitcoin, unfortunately it did not last long ..

Supercell

newbie

Activity: 32

Merit: 0

Next support level around $90, wish i had some fiat left to buy in at that, easy money, x2 this time next month at least.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

$520!! are you freaking kidding me! Cheesy

a high price and sustaining that high price needs real utilities. there are none for ethereum!

ICO scams are not real world applications. they are temporary pumps.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: TargetCoin on July 15, 2017, 03:46:53 AM

Ethereum is going down to $150 technically. $150 is also a Fibonacci 0.786 retracement of the move from 99 to $420.

Looking for it to go to $520-540 on a reversal, which is an extended fibonacci target.

We called the Ethereum shorts when it was at $320 and $270 on our Twitter

Target Coin is a tokenised long-short fund making money on both price rise and price fall. Join the ICO

Bad call buddy! Down to $137 already!
Never try to catch a falling knife mate!
And this downwards move can go on for few more days. This is sell off in mostly all altcoins if you check the market.

ostsee77

sr. member

Activity: 518

Merit: 258

1997 - 2000 Listed the stock market super ..... Here it is almost exactly the same

TargetCoin

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Target Coin- World's first Bonus paying cryptofund

We may see ether going down all the way to 95-100.

BenR

full member

Activity: 134

Merit: 100

Quote from: kolesozw on July 15, 2017, 01:58:12 PM

Fibonacci 0.786 and many other 'signals' are useless in crypto trading.
You are working with/against humans. Not Fibonacci's. Everybody is now on panic on BTC price decline. And most of them never heard of Fibonacci. Fear is the biggest signal and factor you should conciser.

Good point. Fear vs. FOMO - if enough people reinvest/double down could lead to the next upswing.

dennyd999

full member

Activity: 238

Merit: 100

Exactly.

Scaling,scaling,scaling problems

Also ETH Metropolis update will bring dapps online store. If some of dapps will become everyday usable I doubt ETH network could functional well.
As we saw recent network crash from simultaneous ICO start. Imagin simultaneous dapps using, also ICOs on network and transactions with switching to PoS! Craziness.

ETH need clear Scalability problem solution first.For Bitcoin it was long 2 year politics war which hopefully will end on August.
They say there is no politic in ETH probably scaling issue will be resolved faster.

Also ETH switching to PoS can bring new glitches to network. Devs made bugs in network before which resulted at DAO hack. Precedent exist.

Look this article below from Tuur Demeester with health criticism of switching ETH to PoS

https://medium.com/@tuurdemeester/critique-of-buterins-a-proof-of-stake-design-philosophy-49fc9ebb36c6

P:S: I forgot to add that Alphabay servers is busted. Main Admin suicidal at prison.
Alphabay existed for years using only Bitcoin.

After they add ETH, Monero and Zcash they was busted. Obviously it is not coincident.
And noone knows for sure which coin had backdoors. All 3 is suspicious from now.

A lot of bad news especialy Alphabay closure and death of admin. It means no real usage for ETH again.

coinman180

newbie

Activity: 23

Merit: 0

It will rise again, but I think within a few months is too early.. From 7 to 500 is just too much

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

you may be correct about the bottom here but there is no way your rise in reversal is true.
you see the only reason why ethereum went up to the current ATH is because of all the ICOs that were getting hyped each day. we literary see another million dollar ICO each day Cheesy

this can NOT happen ever again. it was a one time thing.

on top of that, all these ICOs are cashing out, some doing it slowly, some waiting for their funds to be released so they can dump it and some already dumped a part of it because of panic and held some in case it went up and will dump more.

also on top of that is the scaling problem that ethereum is facing. it is pretty serious that forced the exchanges to disable the wallet for a long time until it is fixed.

they have already lost their foothold in the market. other coins have came up and replaced the "profitable-must-invest-to-the-moon" situation and people are busy with them now.

Topic: ETH - Next Support at $150, expecting $520 after a reversal (Read 2052 times)