Ethereum (ETH) has been on a bullish trend
Ethereum (ETH) has been on a bullish trend in recent weeks, and the technical analysis suggests that this trend is likely to continue. The price has been breaking above resistance levels and consolidating above support levels, indicating that the bulls are in control.
In addition, the recent news of Donald Trump winning the US presidential election has boosted investor sentiment, which is further supporting the bullish trend. This is because Trump is generally seen as being more favorable to cryptocurrencies than his Democratic opponent, Hillary Clinton.
Based on the technical analysis on Daily Frame, there are two potential entry points for buying Ethereum:
Entry point A: This is a breakout point at the current resistance level. If the price breaks above this level, it is likely to continue to rise.
Entry point B: This is a pullback point to the current support level. If the price pulls back to this level, it is a good opportunity to buy at a discount.
Target point C: As you see as the correction A & B it shows the FVB and Fib more likely to reach this Areas.
It is important to note that all investments involve risk, and Ethereum is no exception.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
In addition, the recent news of Donald Trump winning the US presidential election has boosted investor sentiment, which is further supporting the bullish trend. This is because Trump is generally seen as being more favorable to cryptocurrencies than his Democratic opponent, Hillary Clinton.
Based on the technical analysis on Daily Frame, there are two potential entry points for buying Ethereum:
Entry point A: This is a breakout point at the current resistance level. If the price breaks above this level, it is likely to continue to rise.
Entry point B: This is a pullback point to the current support level. If the price pulls back to this level, it is a good opportunity to buy at a discount.
Target point C: As you see as the correction A & B it shows the FVB and Fib more likely to reach this Areas.
It is important to note that all investments involve risk, and Ethereum is no exception.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Dagangan aktif
Hillary Clintion* = Joe Biden 
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.