Ethereum has been showing a LOT of strength. It's definitely getting into overextended territory in the short term, but long term it has a ways to push up. If we look at the key resistance points in the past we can see that this $400 level was really critical and acted as support AND resistance multiple times. While it's still a little too early to tell if we will get a pullback from here, I wouldn't be surprised if we see it pull back anywhere between this $400 level and $500. I would be very surprised to see ETH break $500 without some type of pullback at all. Even at the end of 2017 we had sharp quick pullbacks in ETH.
Make sure you trail your stops and I will be looking to enter again down at $250-$300
Watch these zones carefully and load up on pullbacks. Soon, it will be time to sit and hodl for a while. These longer-term charts are shaping up for big moves.
-Sherem
Make sure you trail your stops and I will be looking to enter again down at $250-$300
Watch these zones carefully and load up on pullbacks. Soon, it will be time to sit and hodl for a while. These longer-term charts are shaping up for big moves.
-Sherem
Comment:
LOL. See, $400 was resistance!
