Ethereum - 240 - A bit of correction and then up again?
Trade Alert
Finally, the crypto world has moved. We have seen Ethereum finally pushing back above the 110.00 barrier and almost testing the 150.00 zone. For now, we believe there might be a bit of retracement to the downside first, before we see another leg of buying. If the price remains above the newly-established short-term upside support line, we will continue targeting higher areas. But the biggest battle could be around the 160.00 area, which held the price down in December and January.
Please see the chart for details.
Don't forget your stop-loss
Finally, the crypto world has moved. We have seen Ethereum finally pushing back above the 110.00 barrier and almost testing the 150.00 zone. For now, we believe there might be a bit of retracement to the downside first, before we see another leg of buying. If the price remains above the newly-established short-term upside support line, we will continue targeting higher areas. But the biggest battle could be around the 160.00 area, which held the price down in December and January.
Please see the chart for details.
Don't forget your stop-loss