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P_S_trade
Jan 4, 2021 2:31 PM

ETH-4h. Buyers are preparing to update the historic high! Long

Ethereum / TetherUSBinance

Description

ETH investors received a nice gift over the weekend. Raising the price by almost 60%, buyers easily broke the critical range, which we wrote about in the
- $800-840.

Having set a new local high of $1162, buyers felt resistance in the range of $1123-1156. In the 15-minute timeframe, you can clearly see how the volumes started to increase in this range and the sellers easily turned the price.

Thus, the ETH price went beyond the growth channel and is preparing for the main sale - the $1260-1350 range test. Breaking this range, ETH will update its historic high.

The critical point for this growth scenario is the $840 mark. After breaking it, sellers will quickly lower the price to $750.

our ETHBTC idea:

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Comments
abel11
Great trade set up.
P_S_trade
@abel11, thanks)
KlejdiCuni
Wonderful analysis!
P_S_trade
@KlejdiCuni, thanks the price has reached the target!
Babenski
nice idea 😊
P_S_trade
h02man
tnx a lot for your plan difinitly i totally agree.
unfortunatly I changed my eth to usdt at 720$ , if your plan works I will change it again at 900$ ...
P_S_trade
@h02man, buyers did not give the opportunity to buy for $900
jojofang0901
great, do see the price can form correction and then take off after wards. thank you
P_S_trade
@jojofang0901, good luck buddy!
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