#1. Ethereum. Bulls taking control?
Ethereum does look strong on the weekly chart, we can see the buyback early this week which is turning to a pretty candle on the weekly timeframe. Just a matter of time before we explode to the next resistance of $2350 to $2400 as we are above the long term trend line and all we need is to make it as as support. Right now it's happening.
Who's looking to enter in a long, it's simple now. Stop loss has to be below $1950 and let it ride, we can go as high as $2700 (0.5 FIB) before any major pull backs.
As long as we are above $1950-$1900, long term trend is in play.
Who's looking to enter in a long, it's simple now. Stop loss has to be below $1950 and let it ride, we can go as high as $2700 (0.5 FIB) before any major pull backs.
As long as we are above $1950-$1900, long term trend is in play.
Trade closed: target reached:
Ethereum did reach $2693, we can consider target hit on 0.5 Fibonacci level.
I am still bullish on it, we had a pullback to $2500 area, as long as we are above $2300 Ethereum will move toward $3000 area to $3200 meanwhile BTC will play sideways and down.
I am still bullish on it, we had a pullback to $2500 area, as long as we are above $2300 Ethereum will move toward $3000 area to $3200 meanwhile BTC will play sideways and down.