ETH - SHORT TERM & LONG TERM LEVELS Long

Ethereum / US DollarBinance

Description

⋅ Jan 5, 2021 2:07 AM

ETH has rallied up in the last two trading days to reach fresh highs in a long time. We are seeing similar run to Jan 2018 in the mix.

Yellow Trend Lines show long term levels with respect to the 2018 run up.
Green Trend Lines indicate short term support & resistance. If price sustains over each of these Trend lines, we wil see price moving up. Corrections will be fast in a voltaile bull rally.

Comment

⋅ Jan 8, 2021 2:42 AM

We saw a strong rejection at $1270.00 for ETH.

Trade closed: target reached

⋅ Jan 19, 2021 10:53 AM

All targets reached.

Trend Analysis ETHUSD Ethereum (Cryptocurrency)ethusdlong eth2 eth2021

Comments

misbah.arfin

⋅ Jan 11, 2021 5:28 PM

Nice...prediction. How low it can go now?

jashjacob

⋅ Jan 13, 2021 3:17 AM

@misbah.arfin, Market is irrational. You cannot predict how low it will go.

If BTC is trading lower & lower. ETH will also bleed.

Gaurihar

⋅ Jan 5, 2021 7:01 AM

Good analysis .. but it will corect the price as rally gone very sharp from 3 days .. what u say?

jashjacob

⋅ Jan 5, 2021 8:27 AM

@Gaurihar, We will be seeing quick corrections in this market. Yesterday in the matter of 2 hours the price moved around 200$.

Same was noticed today. Short swing trades between supports can be taken.