Post
Topic
Board Speculation (Altcoins)
Re: Is this another Ethereum season
by
fauzan Ichsan
on 17/08/2021, 10:48:39 UTC
for ethereum is currently approaching resistance, which usually before continuing the uptrend will experience a correction first, due to the actions of traders who take profits. so we have to be careful in dealing with it. I think eth and btc will be the favorite choice of investors to make a profit
The correction won't be too big and it won't be too long either because coins like ETH always stay at a good price if BTC doesn't experience a deep correction and there's always a lot of interest in trading on a daily and long-term basis.
at least if there is a correction, we can take orders in the golden area of Fibonacci, which is between 38 - 61. Usually for a bullish trend like today, this area is used as a reversal area. therefore I don't think there is anything to worry about with this altcoin, especially for long-term investments, a right choice