A couple of weeks ago I sold all my ETH https://steemit.com/ethereum/@wvm/ethereum-second-crash
This isn't the same kind of flash crash we saw weeks ago when Ethreum dropped to $210, this was a slow decent, a downward trend that was slow like ice melting off a roof. Weeks ago I saw the chart, read the news, looked at every everything surrounding ETH and decided to sell all my ETH between $290 and $330 in order to buy in on new lows below 200. It was a huge risk and so far the risk is looking like it will pay off. ETH is at $219 at the time of writing this blog. How low will it go? My original guess was $170 but who knows, I definitely feel now that ETH will dip below $200.
But how low?
My original guess in this blog written more than a week ago was $170 https://steemit.com/ethereum/@wvm/eth-is-going-down-down-down-down I saw that as the last area of support and chose that price. But right now I wonder indeed how low ETH will really go? I now see the support at about $170. I feel this is a huge correction for the market. Leading up to Aug 1st who knows how low the market will dive, ETH could very well be in the low 100s in a big panic selling once ETH reaches below $200. Right now anything is possible. Will I buy into ETH again? Yes I think I will, but I am going to wait till it reaches around $150 to $170. I'm going to be patient, because I feel it will be at $170 for a bit so who knows how far down this thing will go.
This is a wild ride cryptos are on.
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losing and losing, what happene to me, always unlucky, ETH ETC ZEC destroyed me everyday
Interesting, I can see on my chart that it is hovering at the Cloud support line on the daily against the USD. If it closes today in the cloud, from my meager understanding of chart analysis, the chances are it will will test the lower edge of the cloud in the next period. Meaning $190 tomorrow at some point, and then if it breaks that line and closes below it, your 150-170 estimates are well and truly on the cards, maybe even later this week.
Followed :)
I didn't see anyone talking about this new low before a couple of days ago. Can't wait to see what happens!
$170 greats