ETHUSD still headroom for upward movement?
This is a tricky one. In the past month, there are numerous occasions where it should have fallen, but right when it dips someone comes in to pump like crazy. This has happened at the very least 8 times.
Now, we see that all indicators suggest a further run, even though a 0.5 retracement to $400 would be reasonable. I have doubts whether it could fall at this point, however, because the savers will likely pump it towards $500 instead.
Remember: the pitfall with charts is that big moneyed-interests can draw fake charts to fool small investors. Wash trade, spoofing... are very common with ETH. I have not seen this level of play this obvious in other coins. The ETHEUR market is the one to look at when the danger of drop occurs; usually big buy walls appear. If drop continues, they'll move to larger ETHUSD exchanges. This is the pattern.
Therefore, I don't think it's likely to retrace to $400. Most likely around $420-$430 before the next major pump.
Full disclosure: It appears that every single time I say it's going down, ETHUSD goes up. Every time I sell, it immediately jumps. I now have 1 ETH left. I exchanged mine for EOS.
Now, we see that all indicators suggest a further run, even though a 0.5 retracement to $400 would be reasonable. I have doubts whether it could fall at this point, however, because the savers will likely pump it towards $500 instead.
Remember: the pitfall with charts is that big moneyed-interests can draw fake charts to fool small investors. Wash trade, spoofing... are very common with ETH. I have not seen this level of play this obvious in other coins. The ETHEUR market is the one to look at when the danger of drop occurs; usually big buy walls appear. If drop continues, they'll move to larger ETHUSD exchanges. This is the pattern.
Therefore, I don't think it's likely to retrace to $400. Most likely around $420-$430 before the next major pump.
Full disclosure: It appears that every single time I say it's going down, ETHUSD goes up. Every time I sell, it immediately jumps. I now have 1 ETH left. I exchanged mine for EOS.
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