Ethereum Price correction continues are we seeing the light at the end of the tunnel?

CryptoGuru Level X³

1

November 9, 2016, 4:26 pm

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Ethereum Price correction continues are we seeing the light at the end of the tunnel?

Ethereum has new competition in the industry and its causing some people to panic. I wrote a topic on Seoclerks about the ETH fall stopping and a rise coming and i was correct. ETH went from 10.50 to 10.75 before dropping back down to 10.50 again. If you paid attention you where able to make a few bucks due to this drop. I wanted to explain up trends and down trends and explain why i think ETH is going to go back up in the near future.



The first arrow shows a sharp decline but if you notice rite after it started to level out, and i believe its finding support at 10.50. The reason i believe the down trend will end is because as you can see the second arrow shows a change in momentum towards increase. At the very end of the chart it seems to show that its leveling out, and only time will tell whether it will continue to go down or go up.

I think Ethereum will start to rise soon and i think the reason will be because of the new competition. Unless they can deliver everything they promise in the near future Ethereum investors will see the value and they will start to buy ETH more. My hope is that the competition fails to further strengthen the price. ETH may drop more and if it does iu would invest as soon as possible and wait. ETH is Expected to reach over $14 in the next 3 months.

As always thank you for reading please don't forget to follow me.

https://listingdock.com/user/jkeyz2

https://www.seoclerks.com/user/jkeyz2

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ermini2

ermini2

i'm so glad you understand this crypto currency trading stuff because i sure don't! this kind of stuff to me, i just cant comprehend it to understand it....LOL

0 8 years ago

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Barida

Barida

One thing about prices of most of these cryptocurrencies is all about what the forces of demand and supply push it to be. Just like the explanation of traditional forces of demand and supply in which, if the demand, for let's said bitcoin is high, then the prices of the bitcoin is meant to increase obeying the law of supply theory. So, I'm glad you're using such while trading.

0 7 years ago

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overcast

overcast

I am currently getting the ether through one of the faucet. And it is kind of painful to even go through slow progress. But the ether price climbing is definitely making me comfortable. So on that thought I am hoping things would surely change in near future. I am not sure how it helps adds the value. But it seems like a good option for many who wants to make money by storing in this period. I wish to earn some amount of money through this type of the cryptocurrency. That's what I am planning it for sure.

0 7 years ago

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augusta

augusta

I'm claiming Ether now because the price value is increasing now,I think the prediction by experts is really coming to pass.A lot of people are either claiming, investing or trading with it .I'm storing mine for now and I will definitely make a hit with it when the price skyrocket, I hope it will happen soon.

0 7 years ago

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chrisbarett

chrisbarett

Today we can see a lot of ways to invest money in crypto, who invest in MoneroUSD?

0 5 years ago

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henrywilson

henrywilson

I haven't invested my money in Ethereum for a long time. The modern cryptocurrency market provides a wide range of exchanges for Ethereum, but none of them shows good results. I've been investing in LiteCoin lately, and most importantly, I use a site that updates the LiteCoin exchange rate every second. If you earn on cryptocurrency or currency, then Investous trading is suitable for you, it provides monitoring for most of the world's currencies and cryptocurrencies, including Ethereum, BitCoin, LiteCoin! This method of earning is very risky, you can always lose huge amounts of money, so monitoring the exchange rate is very important for the trader. Most importantly, you won't need to search for an exchange to buy or sell currency, you can do this immediately on the site.

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Zoerida

Zoerida

Market is too volatile now, and it is hard to predict something

0 4 years ago

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UgrozaVeka

UgrozaVeka

Oh, guys, if you knew 4 years ago how reach you could be today, believe me, you'll be shocked. Still, who knows, maybe you already made your millions on trading cryptocurrencies. Because it is impossible to lose money in this business. I have a lot of friends that invested 2-3 years ago in Etherum, and even they invested small sums of money, they already made hundreds of thousands by selling it. I recommend you to visit https://haruinvest.com/blog/invest...-cryptocurrency/ here you will find much more about investing in crypto and how much money you could make on it.

0 4 years ago

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milaniagreen

milaniagreen

It is very important to understand in time which area is better to enter right now. Moreover, it is important to choose the right sources to create profit, and this article https://www.analyticsinsight.net/1...-to-5-btc-bonus/ will help you

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