The 4-hour chart shows that the bulls aggressively purchased the dip to the 20-EMA.
If the price turns down from the current levels or the overhead resistance, the bears will try to sink the pair below the 20-EMA. If that happens, the decline could extend to the critical support at $488
If the bulls can push the price above $562
the uptrend could resume with the next target objective at $625.
The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control.
This bullish view will be negated if the bears can sink the price below today’s intraday low at $511 Such a move could attract aggressive selling and increase the possibility of a break below the critical support at $488
If the price turns down from the current levels or the overhead resistance, the bears will try to sink the pair below the 20-EMA. If that happens, the decline could extend to the critical support at $488
If the bulls can push the price above $562
the uptrend could resume with the next target objective at $625.
The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control.
This bullish view will be negated if the bears can sink the price below today’s intraday low at $511 Such a move could attract aggressive selling and increase the possibility of a break below the critical support at $488
Trade active:
#ETH Update
We can reach 700+ in this week or next.
BLACK FRIDAY -50% OFF 🧨
50% off to our Training and Signal Group packages
If you are an experienced trader or just getting started from scratch, by joining CryptoDeal Trading Group will not only give you an opportunity to make good profits but also perfect your trading skills 💻
We can reach 700+ in this week or next.
BLACK FRIDAY -50% OFF 🧨
50% off to our Training and Signal Group packages
If you are an experienced trader or just getting started from scratch, by joining CryptoDeal Trading Group will not only give you an opportunity to make good profits but also perfect your trading skills 💻
Trade closed: target reached:
Fixed all position at 620.