Did Ether meet its correction targets or perpetual growth pending Pos?
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Even though Ether's dominance is growing the correlation to bitcoin remains high, let's look at ooba price movement scenarios
Long
Though indicators show us overbought Ether can make one more strike to extend target 1800 from which the short is likely, cancelling the short scenario consolidate above 1815 level, bitcoin also locally presents a strong buyer, important level for growth continuation remains 1652 dollars
Short
If Ether does not show a buyer in the $1,652 zone and fails to consolidate above $1,600 we are in for a likely move to lower lows also keep a close eye on the dollar index and spx500 if there is a drop there Ether move to PoS - will not hold.
P.S.
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have some ready-made material)))
Subscribe and get free trading strategy for Bitcoin and Etherium every day!
Even though Ether's dominance is growing the correlation to bitcoin remains high, let's look at ooba price movement scenarios
Long
Though indicators show us overbought Ether can make one more strike to extend target 1800 from which the short is likely, cancelling the short scenario consolidate above 1815 level, bitcoin also locally presents a strong buyer, important level for growth continuation remains 1652 dollars
Short
If Ether does not show a buyer in the $1,652 zone and fails to consolidate above $1,600 we are in for a likely move to lower lows also keep a close eye on the dollar index and spx500 if there is a drop there Ether move to PoS - will not hold.
P.S.
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have some ready-made material)))
Good luck and save your deposits
