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Ethereum has been getting kicked and beaten down by hackers in the month of November. Last month ETH was almost $11 on average and it has lost almost $3 in worth which is HUGE if you own hundreds of coins. In another post i mentioned to halt or to wait to buy Ethereum until the price stops falling. The Digital currency could be finding support at 8.25 meaning we could see a rally soon. I think now is the time to buy, In the last 24 hours im seeing an uptrend.
Lets take a look at the chart:
The black line shows the price that Ethereum started in the last 24 hours. The green line shows the price point from the current 24 hour low to the current price. The reason i use the lines is because its easier to show the trend. As you can see we are looking at an incline. Could the price drop again? The answer is yes if investors continue to sell we could see a drop into the 6.50 range. If your willing to take the risk and have time to watch it i would buy now and wait to see what happens if it drops, cash out as soon as you can and take a small lost because its headed towards 6.50. If this uptrend continues we could be seeing the start of the rebound we have been waiting for. How high do i think it will go? I think it could head back towards 8.50-8.75 range again.
Remember when reading my topics about trading i only give you advice based on research and market analysis. Please only use this as a guide and do not hold me responsible for any losses. Keep trading and if you have any questions leave them below.
As always thank you for reading please don't forget to follow me and like the topic.
https://listingdock.com/user/jkeyz2
https://www.seoclerks.com/user/jkeyz2
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Lynne
Correct me if I'm wrong here? So this would be wonderful news. The way I understood it you sold them for a loss since you were concerned that Ethereum would crash completely, as in literally be no more and then you would have lost everything, so instead you cut your losses and sold just in case? Interesting Jkeyz2, so if you buy back all the Ethereum you sold previously you could buy your coins back at a cheaper price than you just sold them all for recently and make back the money that you lost when the price rallies? Correct me if I'm wrong here? So this would be wonderful news. The way I understood it you sold them for a loss since you were concerned that Ethereum would crash completely, as in literally be no more and then you would have lost everything, so instead you cut your losses and sold just in case?
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