Ethereum. Long-term signal for sale
https://app.icex.ch/en/feed/technical-analysis/2334-ethereum-long-term-signal-for-saleThe last 4 weeks Ethereums rate is confidently going down, outstripping Bitcoins pace.
MAcross on the weekly chart is in sale.
The buy signal was received more than a year ago at $ 14.57, now the sell price is $ 447.
Fantastic profitability.
Historically, the signal for sale from the MAcross was also received in the fall of 2016. After that, the decline continued for another 30%.
If we now deduct 30% of the current price, we will receive about $ 300 - a technically strong support level and the level from which the rate escalated up in the fall of 2017.
All this suggests that at least the immediate goal of the decline is the $ 300 + - $ 50 area. And there we will see how strong the support of buyers will be.
Cancellation of the falling trend will be possible in case the rate goes above the slow moving average (now it is $ 725).
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Yes, I will still hold the ETH until its price is restored. I have always believed in ETH, its history has made more confidence in the recovery of ETH. To become a professional trader, we need patience and excellent analytical skills. I believe in your analyzes and will hold them.