Pretty soon the price of ETH reached the target. We wrote about in the . 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. __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Your forecast on how low the ETH goes was the most accurate among all ideas that I was reading.
May I request you if you have any live trading?
Thank you
P_S_trade
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@nedarezaie65, thanks) We will create a new idea soon
@KlejdiCuni, However, buyers do not yet have the strength to update the historical high
cryptotraderog
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Nice analysis as always mate! ETH made a new high @ 1340 and now sideways consolidation, Lets see if we have a go at ATH or give us a false breakout short scalp trade. Will update this post with any trade entries:
May I request you if you have any live trading?
Thank you