Currently we are at a great entry level. Risk Reward excellent. Lack of bullish momentum. Expecting drop to the 1.4 fib level. BTC price movement in either direction will help in moving the price of Ethereum down to lower levels.
ETHZ19 (Ethereum)
- Bull Flag Breakout & Retest DONE in 8hrs Chart..(Bullish)
- Volume is Increasing & Major Indicators Are Turning Bullish As Well..
- So LONG ETHZ19 with Low Risk..!!
#ETHZ19 (LONG) (BitMEX)
Buy Between 0.0212 - 0.0214 Sats
Sell Targets 0.0218-0.0224 Sats
Stop Loss Below 0.0210 Sats
LONG With 5% Portfolio..!!
Reason : Bull Flag...
I am a noob so i wrote everything in the chart.
But now for real, most important will be the BTC movement, It seems like we are in that phase again when alts are waiting for BTC to action (fall, mainly).
On the other side, XRP pretty nicely, and I believe that fundamentaly ETH have a space to grow. Also talking about Binance analysis, when the predicted BTC...
ETH Lead the alts in swapping Augusts resistance into support and is on its way up. Next important levels are here. As long as btc is bearish for the next couple weeks I see the green scenario playing out.
