We have another very good close for Ethereum (ETHUSD) on the weekly timeframe.
Last week closed above $3,600, this can lead to even higher prices.
Now, $3,900 might sound like a lot but only if you are comparing to earlier prices... Remember when Bitcoin was $3,000?
Bitcoin is now worth over $58,000 for one single coin... Ethereum can go through something similar... Remember that this bull market will last for years to come.
There is a lot of room at this point for a correction to take place... But we are reading charts here, just as we have room for lower prices we also have room for more gains.
Trading or not, buying or not, will depend if you are buying for the short or long-term.
Based on my Fib. projections, ETHUSD can hit over $4900 next.
We are supported by the TD sequential, the RSI and the MACD as well.
This is a tricky one... Make sure to plan before you trade.
Will you hold if you buy and it drops? If it rises, will you sell, how much, and when?
Ha...Panorama. Used to live in Brickell, moved north to Aventura. Knew I recognized that building.
AlanSantana
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@OraCloudPlusInc, How was Brickell for you?
BigFrenchChicken
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@alanmasters, was in BH...too much BS. Too loud, crowded, etc. Moved up to The Harbour...like it much better. Miss being across the street from a Whole Foods/Publix...but other than that, all good. Besides, the restaurant s in Brickell are crap. From DC/NYC...Miami is "young, dumb, full of c...". Think Valet parking makes you feel rich. Silly.
What do you think? Panorama Towers or whatever it is called looked nice...just too pricey for my blood.
parijigs
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Weekly basis looks overbought, retracement upto 3500 looks possible, wt do u say? On daily charts also rsi is looking overbought. Give your guidance