P_S_trade

ETH-4h. Break the critical range of $1260-1350 and test $2660.

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Pretty soon the price of ETH reached the target. We wrote about in the previous idea.
Buyers did not give any chance for correction. Investors' expectations of the $900 mark proved futile. At the moment, the price of ETH is preparing to storm the main range of $1260-1350.

After the first test on January 7, trading volumes fell sharply. However, this is natural, because the price has fallen into a consolidation triangle, from which the price is more likely to shoot up. The sellers' attempt to impose a fight on January 8 was unsuccessful. Of course, 12 hours of pressure on the price by average volumes is not enough to reverse such a powerful trend.

As a result, the price is now preparing for a shot that should break the critical range of $1260-1350 and set a new all-time high.

The first medium-term target where buyers will feel serious resistance is the $2660 mark. However, to begin with, you need to hold on to the critical range of $1260-1350.


b]The critical point of this scenario is the $ 1160 mark. Having secured above it sellers will select the local initiative and will be aimed at the test of the range $980-1000.
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