Etherium broke the 3 month downtrend a few days ago and yesterday just retested this trendline and continued up. Great confirmation for a trade here because of the retest of the 0.618 fib, great demand level from $2800 to $3000, and trendline retest and continuation.
On the contrary, it just reached the resistance level 0.5 fib and big supply from the last 4 months at $3110.
It seems that is recovering and starting to do the same as before this short bear market happened (outperforming Bitcoin) but time, and the BTC/ETH chart, will tell if it will keep going up against Bitcoin or Bitcoin will take the first steps going up as it has done before.
It was a great buying opportunity, we might not see ETH under $3000 ever again.
Trade with your head and be persistent.
On the contrary, it just reached the resistance level 0.5 fib and big supply from the last 4 months at $3110.
It seems that is recovering and starting to do the same as before this short bear market happened (outperforming Bitcoin) but time, and the BTC/ETH chart, will tell if it will keep going up against Bitcoin or Bitcoin will take the first steps going up as it has done before.
It was a great buying opportunity, we might not see ETH under $3000 ever again.
Trade with your head and be persistent.
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.
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.