ETHUSD: Still Upward Pressure Likely to Mid December
Hi Everyone! Yes, I know it has likely been stressful for some of you. Especially, if you are margin trading. The time to have gone margin long was approximately two weeks ago when I suggested accumulating ETH in preparation for the next 3-Week candle when we were around $445. I'm not providing margin trading signals on this platform. Especially, not for the short term group of time frames. Not yet... I still see a chance for us to run up to my 2.618 FIB Extension near $970 or higher by mid December. Will continue to monitor...
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Comment:
Comment:
UPDATE:
That $940 to $970 target range is where I see the next POTENTIAL target may be by mid December. I simply want to remind you the price action does NOT have to go up significantly during a period of upward pressure. It's POSSIBLE we could continue sideways within a trading range during this period of downward pressure we see in the higher time frames before finally falling down when the upward pressure reverts to downward pressure in the higher time frames.
That $940 to $970 target range is where I see the next POTENTIAL target may be by mid December. I simply want to remind you the price action does NOT have to go up significantly during a period of upward pressure. It's POSSIBLE we could continue sideways within a trading range during this period of downward pressure we see in the higher time frames before finally falling down when the upward pressure reverts to downward pressure in the higher time frames.
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