Current week Major CryptoCurrencies dropped price by rumor.
. Price drop but transaction volume increased.
. Major CryptoCurrencies price now are lower than production cost(Power consumption cost + Rental cost + Depreciation cost). (Buyer cost is lower than miner cost)
. It looks like an XABCD bottom formation.
Possible Target D1: it is around USD171 to USD174 for Ethereum.
Possible Tagret D2: If 170 not hold, then 167 or even 145, but this will be the worst case.
We start to have our long position, and we will increase our long position when price confirm higher than 187. We still observe it if it is a smile cure for Ethereum.
. Price drop but transaction volume increased.
. Major CryptoCurrencies price now are lower than production cost(Power consumption cost + Rental cost + Depreciation cost). (Buyer cost is lower than miner cost)
. It looks like an XABCD bottom formation.
Possible Target D1: it is around USD171 to USD174 for Ethereum.
Possible Tagret D2: If 170 not hold, then 167 or even 145, but this will be the worst case.
We start to have our long position, and we will increase our long position when price confirm higher than 187. We still observe it if it is a smile cure for Ethereum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.