Andrewcx

The bears will probably show up

COINBASE:ETHUSD   Ethereum / U.S. Dollar
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3
As I said in the analysis posted in the morning, after a fairly large climb, now the price will reach the point where it will have to break the triangle formed on H4.
Also, in the 50-61.8% Fibonacci zone we may have a small pullback, but if the price manages to break the triangle and the H1 candle closes above the $597 price (61.8% Fibonacci), the $ 750 TP would follow. to be touched.
Let's see how ETH will play!
Comment: At the price of $ 552 we have the last resistance given by the daily pivot and at the price of $ 558 we have the weekly resistance pivot.

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Looking to dip into eth. Given the current circumstances, what do you think a good time to buy is? Should I wait and see if the 558 resistance is broken?
+1 Reply
Andrewcx moxtron
@moxtron Yes, it is possible that if it doesn’t break that area, the price will make a pullback (possibly even up to areas of ~ $500 to create a last leg of a double bottom). I will be paying attention in this area now and will consider tomorrow's central pivot range. However, I suggest you analyze the charts as well, maybe I have a wrong vision ☺️
+1 Reply
Andrewcx moxtron
@moxtron Today ETH will be in a little bit ranging market, but in uptrend. I’ll tell you if I find a good opportunity to enter in a buy trade
+1 Reply
moxtron moxtron
@Andrewcx Well.. I ended up getting in below 540 when it seemed like there was some decent stability. Just got out at about 607. Seems like btc is having a hard time going sideways, so I chickened out lol. I think 2.0 is going to be awesome for eth, but sell the news and all that makes me a little nervous.
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