Ethereum off to $500 and beyond?
Ethereum just keeps on breaking its own records. At 8pm EST June 15th 2017, the biggest daily candle ever created closed at $347. A whopping $80 bottoming tail that surpassed the 2nd largest candle by $20. The previous $60 bottoming tail candle created back on May 6th of 2017 sparked the entire move from $86 all the way to where we are today at $354.
Follow the largest bar on the chart. The bar that towers over the data to the left of it.
Whenever you have a bullish candle that dwarfs the data to the left of it, that means that the big players have entered the game. If you are looking for a buy opportunity, you might want to follow their lead because at the end of the day, they are the ones who control the market. No matter how much governments, financial institutions or "whales" would like to hide their actions from the public, the charts never lie. Billions of dollars came into the market yesterday and it made a footprint on the chart.
Today on June 16th we had the follow through where today's candle traded higher than yesterdays record breaking day. That means that yesterdays candle is verified as legitimate and is now headed to retest the all time high of $404.9. If it does break through the all time high, and I suspect it will, we are headed to $500. Remember, it is human nature to be attracted to whole numbers.
Things are looking very bullish for Ethereum. Ethereum is going to change the world for the better and I'm happy to share this experience with everyone involved.
-Conor McTrumper, FOREX trader with over 20,000 hours experience
This is good news!
Upvoted!
Thanks for sharing
Thanks for reading.
Thank you Conor Mc Gregor ;p
Tank me tank you.
Get it while its hot boys.
It's already burnt. Technology behind enthereum is good but hype, man. Hype gona crush its value really soon.
Agreed! Check out my post on why I think Ether is going to $475 next week.
Good points in your article.
Like trying to hold a beach ball underwater, just cannot be done for long.
Boing!
Seems like ethereum is starting to stray away from btc tendencies. If so hopefully it'll start taking off and hit even $1000!
Yeah most cryptos are correlated with each other but ethereum is starting to break away from the pack.
I've noticed litecoin breaking off from the pack too. Maybe it was the news from the bitcoin hardfork that is changing how each crypto correlates
And why you think its worth $1000? It's on marked for 2 years now and what was build on top of it except DAO? What i have seen till now, are millions of dolars thrown into comapnies that have only white papers or alpha version of software in best case scenario. Seriously?
Its a platform for other coins to develop new applications. I admit some of the ICO's are a bit overvalued with the million dollar investments but it doesn't mean it's useless.
Im not saying it's useless. Just saying we are testing what we can do with it. And utill someone provide interesting application built on top of ethereum we can't be sure there is any good use case (except icos). And if ICOs are overvalued it means ETH is also overvalued.
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