umair105

ETH/USD -Market Analysis - 06282017

COINBASE:ETHUSD   Ethereum / Dollar
363 6 5
Hi Friends,

I am just trying to be simple here showing my analysis, hope this makes sense.

As per my study, i have noticed that every time there is a downtrend, there is always a recovery of at least 50% ( you can see in my chart if you look at the line that i made for each fall.
therefore, this does makes sense to recover at least 50% that we can see since yesterday. Next, Since 4th July is coming and as per past record it always goes back to its last lowest point, my calculations says that most of the transaction will follow the the slot that i mentioned and will surely take 2-3 days to recover and i am hoping we will see bullish line and hopefully cross 400 mark. Any changes can happen, if there is any bad news. So finger crossed.
Stay calm and buy at the lowest and Enjoy holding it. Cheers.

Feel free to comments and like and share your ideas.

Thanks for your time
Hi Umair why do you think the price will drop around 4th July?
Antworten
umair105 CaseyTroy
@CaseyTroy, hi Casey , I have noticed a trend that whenever there is some national holiday in USA, we see some drop in the price and this drop continues due to the emotional people sell to speed up the downward trend, so I am suspecting that we might see some upper 200 range value for early month of July.
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Hi

Just wanted to ask what do you think is a good idea for the next 24 to 48 hours. Buying ETH or staying in fait and buying at the lowest price.

JazakAllah brother.
Antworten
umair105 doctorkesh
@doctorkesh, i think 3rd- 4th July can gives you good buy time and people might be selling and using their coins and then emotional people will follow the selling trend as price will start to fall so huge buying opportunity.
Regarding next 48 hrs, if it hits 250 or low , then buy it and if you are looking for short term then sell if its 350, otherwise hold for future as it will go up after recovering 4th july approx. by 9th July.


JazakAllah Brother for your interaction.
Antworten
doctorkesh umair105
@umair105, Thank you for your reply.

JazakAllah brother.
Antworten
umair105 doctorkesh
@doctorkesh, i also want to tell here that this is volatile industry and i am giving my analysis on the basis of market trend, news and charts. its your choice, Good Luck brother
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