SO WHY NO YOU MARKET BUY:ETH?
Uncle's Secret Revealing!
I don't understand why you are not doing a "market buy" on ETH right now, and I want to tell you why I don't understand. After the approval of the "BTC ETF," many investors are expecting a happy news with an ETF from "Uncle ETH." This is not something that will happen in the first scenario that comes to mind, but everyone knows that the cryptocurrency market loves to surprise investors. Now let's come and let me tell you why we should now expect something from "Uncle ETH," supporting it with some technical analysis...
But First: What is ETF?
An ETF, or Exchange Traded Fund, is essentially a basket of investments traded like a single stock on a stock exchange. Just like buying a slice of cake gives you a piece of everything on the plate, buying an ETF gives you a piece of everything in the basket.
Think of it as a pre-made smoothie blend - you don't need to track down and blend each fruit yourself, you just grab the ready-made mix and go.
Rise & Shine
The green light for the "BTC ETF" has wiped out the bad vibes caused by the fake approval and the S.E.C hack news. Now, it's time for "Uncle ETH" to show its might.
It's a 6 months of breakdown on 1W ETH/BTC pair... The yellow line is representing EMA200. Staying on every week of yellow line makes uncle ETH stronger than ever! Nothing would make the investors happy to see the weekly pull back of ETH/BTC to white line. Amazing scenario though...
It's not wrong that we expecting a price action to 1.618 fibonacci point. Which is the action that make us money %12. This is not even a starting. As long as yellow weekly preserved, orange line is the goal. Which may takes us to 3500's...
Who is You?
Here is something way interesting:
This ETH.D graphic enlightening another break up has already happened on the yellow EMA200... The thing is,0.618 fibonacci point broken as well which is JACKPOT!
Last Chance of Being ETH Maxi ...
Please comment down below what you thinking...