ETH has recently broken its all time high as Bitcoin has taken a breather since reaching its own new all time high. Just as Bitcoin has retraced, ETH has now dipped around 14% as sellers are taking some profits. Bullish scenario is still in play unless a new major changes take place. We recently sold off to secure some profits and are awaiting new re-entry levels.
Levels we're watching on our 4hr chart:
1. The bottom of our parallel channel in blue (roughly $1190-1230 region)
2. The 200MA line in White (floating around $1100)
3. The golden Fib pocket at $900
Not sure if it would drop any lower if we did see a retrace but anything is possible in crypto as we've seen time and time again. Best case would be to ladder buy at these levels and have some cash ready to go in case we see a panic sell off. (We have limit buys set up around $700 levels in case of flash crash/panic sell off).
Shoot us a like and follow and we'll be back with some updates.
A
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Levels we're watching on our 4hr chart:
1. The bottom of our parallel channel in blue (roughly $1190-1230 region)
2. The 200MA line in White (floating around $1100)
3. The golden Fib pocket at $900
Not sure if it would drop any lower if we did see a retrace but anything is possible in crypto as we've seen time and time again. Best case would be to ladder buy at these levels and have some cash ready to go in case we see a panic sell off. (We have limit buys set up around $700 levels in case of flash crash/panic sell off).
Shoot us a like and follow and we'll be back with some updates.
A
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.