Hello traders, pls follow and like if this analysis is useful for you.
ETH prices are retracing after the astonishing performance of November.
In any case, the medium-long term crypto market trend continues to be positive.
In the next days we can see two different scenarios: a rebound after touching the main red trend line around $543, ore a deeper drop towards the old supports around $490 before a new uptrend.
RSI indicator has given good buy entry signals during the passed oversold periods. If you are more risk avers you can wait for its new confirmation.
Let's see what happens now hoping prices will return to $600 soon!
ETH prices are retracing after the astonishing performance of November.
In any case, the medium-long term crypto market trend continues to be positive.
In the next days we can see two different scenarios: a rebound after touching the main red trend line around $543, ore a deeper drop towards the old supports around $490 before a new uptrend.
RSI indicator has given good buy entry signals during the passed oversold periods. If you are more risk avers you can wait for its new confirmation.
Let's see what happens now hoping prices will return to $600 soon!
Trade closed: target reached