ETH/USDT On Its Low!

in #cryptocurrency7 years ago (edited)

I am so, so new to this world of cryptocurrency. And I am still waiting for a good timing to get some.

What do you think about this chart? Do you think it is a good timing to speculate? Tell me what you think.

The reason I asked is that I spotted a support level at current price (~$600USDT). Boll Bands also seem to support it.

A deeper discussion underneath:

  • How accurate is technical analysis (TA) in the world of cryptocurrency?
  • Based on what factors do you usually trade? Technical analysis? Fundamental? Market behaviour? Capital flow? Or just pure instinct?

Unknown-3.png

Feel free to discuss below. I am sure I have a lot to learn.

Sort:  

Congratulations @limakilocharlie! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Reply
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!