Hello Everyone,
ETH has been on a very nice run, since its bottom at ~90$ it moved to 197$ with ~120% move up.
Now the question is whether this move is over or we could see more upside in ETH ?
I believe there is more upside to come 'IF' ETH manages to play good with this 2 key levels. This will not only help ETH PA but this could also help whole crypto markets to move up, with ETH at the lead.
First level is 175$ support; as we see from the daily chart IF ETH holds this key level then we will see Swing Bull signal on the daily. These signals have been really great for giving you major market swings (see the last couple daily Swing signals).
Second level is 199$; this level is coming from the Trend Maker Indicator and its Trend line (red line in bold), this line acted as a major resistance back in July 2019 (@300$) and also in Feb-March 2020 highs. IMO, ETH might see small pullback from this level back to 175$ area and then continue its move up again.
Another thing to note; ETH is now facing its multi year SR levels, these levels are very very important for ETH PA. So keep eye on them.
I have never traded ETH with leverage but I did took some spot buys from the Shepherd Daily buy signals (marked with yellow arrows).
You can test this indicator for free if you like. Send a DM to me on TV or join in my Disc group below.
Check my latest BTC analysis below (BTC to 9200 ?).
Happy and safe trading...
Chao...
ETH has been on a very nice run, since its bottom at ~90$ it moved to 197$ with ~120% move up.
Now the question is whether this move is over or we could see more upside in ETH ?
I believe there is more upside to come 'IF' ETH manages to play good with this 2 key levels. This will not only help ETH PA but this could also help whole crypto markets to move up, with ETH at the lead.
First level is 175$ support; as we see from the daily chart IF ETH holds this key level then we will see Swing Bull signal on the daily. These signals have been really great for giving you major market swings (see the last couple daily Swing signals).
Second level is 199$; this level is coming from the Trend Maker Indicator and its Trend line (red line in bold), this line acted as a major resistance back in July 2019 (@300$) and also in Feb-March 2020 highs. IMO, ETH might see small pullback from this level back to 175$ area and then continue its move up again.
Another thing to note; ETH is now facing its multi year SR levels, these levels are very very important for ETH PA. So keep eye on them.
I have never traded ETH with leverage but I did took some spot buys from the Shepherd Daily buy signals (marked with yellow arrows).
You can test this indicator for free if you like. Send a DM to me on TV or join in my Disc group below.
Check my latest BTC analysis below (BTC to 9200 ?).
Happy and safe trading...
Chao...
