Legendary trader John Bollinger announced that he has taken a “trial position” on the leading altcoin Ethereum. John Bollinger also shared why he invested in the altcoin. Cryptocoin. com, we have compiled the details for you, let’s examine the subject together…
John Bollinger bought from leading altcoin Ethereum!
Prominent American financial analyst and trader John Bollinger announced that he has purchased a small amount in Ethereum, the second largest cryptocurrency. The experienced trader behind the “Bollinger Bands” indicator claims that it is a “trial position”.
Bollinger explains that the bullish pattern on Ethereum’s six-hour chart caused him to make the above-mentioned buy. However, the analyst warned his followers that this is not a “highly credible trade” and added that the timing of the purchase may not be the best.
Trader: Pay attention to the Ethereum chart on the verge of correction!
Ethereum dropped as low as $2,160 this Monday amid an ongoing cryptocurrency market correction. On Wednesday, the cryptocurrency surpassed $2,700 during a relief rally. Ethereum is currently trading at around $2,400 on major spot exchanges. In particular, Bollinger urged his followers to pay attention to the Ethereum chart, which is on the verge of correction.
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