Ethereum at a Critical Point by clayford08

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ethereum · @clayford08 · Feb 23 '18

$1.46

Ethereum at a Critical Point

## On this 4hr chart, you can see the varying indicators telling different stories. 
The CCI is signaling a buy, the MACD is signaling a sell, and the BB's are signaling somewhere in between. However, if you take the indicators out of the equation and just view my resistance and support lines, you can see why the indicators are so varied. The market is currently at a crossroads. Bears are trying to drive the price lower, while bulls are currently trying to trap the bears. We saw that narrative play out last night, when many people shorting were squeezed out and now three hours later we're seeing a reverse narrative of bears squeezing the long positions.In a situation like this, you either have to stay out of the market altogether or go with your gut feeling. ***I'M GOING LONG!*** Wish me luck, boys.

Cheers,
Crypto Clay AKA @clayford08
https://guardiancryptotrading.com



![5a9052a620cb4.png](https://steemitimages.com/DQmQPpYY5z2nAHnDNUfnj6sn3dn9i37EkUww8757qH177y2/5a9052a620cb4.png)

👍 clayford08, pharesim, bue, minnowsupport, felander, steemprentice, stephen.king989, will-zewe, some-dude, yateszey, gamerveda, pomperipossa, jhermanbeans, shellyduncan, cryptohustler, dickturpin, numpypython, myday, decibel, starsteem, redpillproj, qwasert, edrivegom, bitmycoin, pheonike, gindor

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@felander · Feb 23 '18

when you say long here, what timeframe are you talking about?

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@luiggih · Feb 24 '18

ETH needs to break that triangle and head back to moon ASAP for the holders sake

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@minnowsupport · Feb 23 '18

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by clayford08 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>

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@some-dude · Feb 23 '18

$0.06

crypto just needs a cheering squad :P

👍 clayford08

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@clayford08 · Feb 23 '18

Isn't that your job?

properties (22)