Good morning Traders,
since Ethereum has been so kind and working well taking all 3 targets of the bullish falling wedge and on top the 3D Ichimoku-cloud End-to-End, it´s time to get some fresh views on next targets and possibilities.
We are heading towards a resistance zone now, which I would not necessarily call Key-Level for now. This is coming up around the Quarterly R3 Pivot around $263.
As we all know this is a parabolic, very strong rise for ETH, we also know this will correct at one point, we just don´t know when. After good volume pick-up and cutting through targets like it would be nothing special, we don´t see
anything particularly bearish on this 3D for now, except being heavily overbought since a while.
For those who are still long, there is no urgent need to close the position, trailing Stops look like the far better option on this ride to get better chances to take more of this, in case it will
strike through the R3-Q as well and make it´s way to R1-Y and further to local top around $340+.
Happy trading.
Neru
since Ethereum has been so kind and working well taking all 3 targets of the bullish falling wedge and on top the 3D Ichimoku-cloud End-to-End, it´s time to get some fresh views on next targets and possibilities.
We are heading towards a resistance zone now, which I would not necessarily call Key-Level for now. This is coming up around the Quarterly R3 Pivot around $263.
As we all know this is a parabolic, very strong rise for ETH, we also know this will correct at one point, we just don´t know when. After good volume pick-up and cutting through targets like it would be nothing special, we don´t see
anything particularly bearish on this 3D for now, except being heavily overbought since a while.
For those who are still long, there is no urgent need to close the position, trailing Stops look like the far better option on this ride to get better chances to take more of this, in case it will
strike through the R3-Q as well and make it´s way to R1-Y and further to local top around $340+.
Happy trading.
Neru