Ethereum Target Will Be Reached , Pull-Back Highly Possible.

Hello Traders Investors And Community, some days ago I made an important analysis in which I mentioned that ETHERUEM is the only confirmed cryptocurrency right now with a definable long-target ahead, I described the triangle and we are facing the target right now, as bitcoins has some mixed technical signs right now we have very clear signals in the schedule about ETHEREUM right now. When you didn't saw this analysis already I highly recommend to you that you check it out:

What can we expect the next days? As I mentioned we are reaching the target zone in the 168 USD range which shouldn't be ignored. It is a strong resistance and we will see falling momentum and volume highly possible the next time in this area indicating a reversal to the downside, it is possible to short Ethereuem in this condition because the resistance will highly likely respected from ETHEREUM, after that, we will see a pull-back to the grey trend-line which you see in my chart it serves as the current up-ward support-line, also what is highly important in this structure is the 20-EMA. Together with the rising support-line and 20-EMA there is building a bullish confluence zone with stabilization in this level. As we see a good opportunity right now with appropriate technical signs on the hand I will look for an entry in the resistance zone you see in my chart to enter a SHORT position, for those who already watched the analysis about ETHEREUM where I predicted the breakout of the triangle should be in good profit now, therefore we are looking for further opportunities in the markets which shouldn't be disregarded as it is in this case, this is what clever traders should do, to wait for the good trade and enter it when the conditions are appropriate and do not fall to the many traps today's markets offering in the information-chain.

Thanks for watching my analysis, feel free to support my friends and don't forget as I always say:
The ambition to transform opportunities into gold remains the most significant tool for a trader.
In this manner FAREWELL

Information provided is for educational purposes only and should not be used to take action in the markets.

Trade active

Trade closed: target reached

Trade active

Trade closed: target reached