As for eth, it is considered by many to be the most likely CFTC approved digital commodity besides bitcoin , and some people have even started applying for eth’s . But such judgment, to the trade of secondary market, still appear more ambiguous.
If you want to be a medium to long term investor, I suggest you look at weekly trends.
From the point of view of safety, the weekly line buy signal issued after the buy, is a more reasonable choice. That may seem sluggish, and prices may have left the bottom, but what is the balance between safety and yield? I choose security.
As for how far he can go, I don’t think we should expect too much until we break through $363. Maybe 220, maybe 260. After breaking through $363, we might hope to see more than $500.
But that’s a long way off, and it may depend on how bitcoin plays along. Always, any prediction, is just a prediction, we trade, should be based on the standard, meet the standard, buy, do not meet, wait and see, lose the standard, leave.
Published at Mon, 11 Nov 2019 01:35:49 +0000