Is The Ethereum Selloff Over? What Will Happen Next? Buy, Hold or Sell?
So are you freaking out that Ethereum is selling off and down over $100 within 3 days? At this point, should you buy, hold or sell?
Here are few questions you need to ask yourself?
- Has the fundamental changed in anyways within the Ethereum network?
- Ethereum prices jumped from $15 to $415 in just few months, is it possible for some traders to sell and take profits?
- Did you wish for ETH price dips, go on sale, a discount on ETH prices so you can accumulate more in the last few weeks?
- Is it possible for price of anything only go straight up without any pause or corrections?
- Are you in ETH for the long term and still believe in its technology?
- Do you really rather be holding on to paper money or inflated stocks than ETH?
- Did you get enough sleep in the last few days?
Below is a technical chart on ETH price in Bollinger Bands. It illustrates the last correction and what is happening now. I will present it without any comments. Use your common sense to predict what might happen next!
Happy Trading
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Jia H
I have exactly this face right now , following you
Interesting blog. I was about to post a similair post. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. An interesting website I found: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. On: https://www.coincheckup.com/coins/Ethereum#analysis To watch Ethereum Investment research report.