Last week, my 1700 zone target for Eth was hit and for more than 4 days now, the crypto is in consolidation in a 100usd range.
Considering the 70% rise in this very short 2 weeks, this consolidation could be very well profit taking.
Although a very important bottom can be now in place, a drop at this moment looks very probable.
Levels to keep an eye on for this correction are the 1500-1550 zone and the very important 1250-1300 zone support, which also can be a good place to buy in expectation of a new rise.
Considering the 70% rise in this very short 2 weeks, this consolidation could be very well profit taking.
Although a very important bottom can be now in place, a drop at this moment looks very probable.
Levels to keep an eye on for this correction are the 1500-1550 zone and the very important 1250-1300 zone support, which also can be a good place to buy in expectation of a new rise.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.