"There appears to be a need of some bold man who will say outright what is best... opposing the mightiest lusts and following reason only."-Plato - Laws, VIII, 835-
ETH/USD
- Been checking Ethereum for a while now and having consistently achieved Higher Highs and Higher Lows for the previous weeks we are bound to reach 2000$ which is a nice psychological level where we can expect some resistance as people take profits and wait for a consolidation or a retracement.
- As always, try and have more than one plan with your trades in case the plan doesn't play out. In this case we could potentially see a rejection at 1820$ pushing us down towards 1690$ Support level or possibly lower.
- If we can't sustain this bullish momentum then we can probably expect a 30-40% drop towards previous Weekly Support levels at 1350$.
- Those who are patient will be rewarded and those who tend to FOMO will get siphoned out of the market when volatility finally kicks in, so watch out, plan accordingly and PLACE YOUR STOP LOSSES.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto