luisco98

Ethereum/USD price reaching new highs

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
This is on a 1month data range.

Ethereum starting the week with two new record highs. The horizontal red line represents the new price ceiling that was set today, around 1825 ETHER/USD. During the last 3 hours, the price of Ethereum has spiked and is testing the new ceiling again. The MACD shows signs of a potential uptrend. We can also observe brief price support that has been set for now (the purple dotted line). The graph shows that if the purple trend prevails we could see another test of the ceiling within a couple of hours. If my claims are correct, and the price of Ethereum follows the current uptrend, we could see Ethereum breaking out in 10 to 12 hours at the latest. All of this is, of course, if the price trend prevails and does not change.


I hope y'alls trades have been going great and good luck!

(THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.)

As always: "Past performances do not guarantee future returns"
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