Ethereum: Bearish long-term outlook

8 oct. 2016

There are striking similarities between ETH and XMR charts. Both cryptocurrencies have been dominated by selling pressure as early investors are still in search for buyers to take their massive profits. We are currently in a tight range, so I'm waiting for better risk-reward long or short opportunties, as outlined in the chart. Watching closely the BTCUSD cross pair, as volatility is coming after long weeks of bollinger bands compression.

Warning: chart for educative purposes only.

29 oct. 2016

Note

Update: still on it's way to 0.010-0.009.