Last week I made an analysis on ETH and the fact that I expected more short-term selling. Both bearish targets have been hit, congratulations if you took the trade.
At the moment, ETH is on a crossroads between a bullish or bearish break out. If ETH fails to break through the purple resistance, we'd most likely retest the fear-lows around $1075. However, if we manage to get a 4H candle close above the purple resistance, I can see us move all the way to $1290.
Be aware that the longer-term outlook for ETH is still bad. So expect any bullish move to be sold off eventually.
At the moment, ETH is on a crossroads between a bullish or bearish break out. If ETH fails to break through the purple resistance, we'd most likely retest the fear-lows around $1075. However, if we manage to get a 4H candle close above the purple resistance, I can see us move all the way to $1290.
Be aware that the longer-term outlook for ETH is still bad. So expect any bullish move to be sold off eventually.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
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.