Saver0

ETH short-term forecast, 8% gain incoming

COINBASE:ETHUSD   Ethereum
It's been a difficult couple of days with high volatility. However, the market is producing enough energy and momentum for ETH to make its way up to at least $1470 level. The market broke through very strong resistance to be where we are right now. I believe another short-term bounce will be made, and the perfect long entry will be around $1450.

Overall the market held onto its pull towards the bullish side while the tilt remained bearish. Take this as an opportunity to most likely short the top. However, we won't know until we get there because this move could certainly tilt the market to the bullish side and produce a couple of short bullish waves over a week or two.

Momentum is your friend. Think beyond the box, expand your reality and you will be ahead of the trend.
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.