Ethereum hit the target. Es expected, some might say. True, chances were very good, but then in Crypto you never know.
Now, what happens next? Good question.
ETH needs first to establish 400 as a solid support, before going higher. Next target would be around 440 USD. When this is going to happen, hard to tell, it could be today, it could be next week, next month.
The thing is, it could also go down again. We have weekend and usually strange things happen on the weekends. The institutional investors are not trading over the weekend, they are home enjoying their profits - so usually on Fridays they sell their outstanding orders, so prices go down.. However we still have brokers or other big investors or "whales" that might use this times and the usual low trading volumes to drive the price in one direction or the other.
So be careful! One advice I can give you for free is don't try to jump on running trains. If you see a coin going up very abruptly, don't try to chase it. You might lose an opportunity, but you also can save yourself a lot of money.
Usually big price moves tend to come back around the levels they were before. So 90% you don't lose any opportunity. Keep a cool head.
So if you are not into ETH, don't jump in now, wait a few days for the price to settle down.
IF you are in it, you can definitely raise your stop loss below the 380 USD area and let it run up and see what happens.
Let me know if you have questions.
Thanks!
Now, what happens next? Good question.
ETH needs first to establish 400 as a solid support, before going higher. Next target would be around 440 USD. When this is going to happen, hard to tell, it could be today, it could be next week, next month.
The thing is, it could also go down again. We have weekend and usually strange things happen on the weekends. The institutional investors are not trading over the weekend, they are home enjoying their profits - so usually on Fridays they sell their outstanding orders, so prices go down.. However we still have brokers or other big investors or "whales" that might use this times and the usual low trading volumes to drive the price in one direction or the other.
So be careful! One advice I can give you for free is don't try to jump on running trains. If you see a coin going up very abruptly, don't try to chase it. You might lose an opportunity, but you also can save yourself a lot of money.
Usually big price moves tend to come back around the levels they were before. So 90% you don't lose any opportunity. Keep a cool head.
So if you are not into ETH, don't jump in now, wait a few days for the price to settle down.
IF you are in it, you can definitely raise your stop loss below the 380 USD area and let it run up and see what happens.
Let me know if you have questions.
Thanks!