As I said several times in my recent Eth analysis, the 1250-1300 zone is a very important support for this coin and, in order for bulls to hope for a reversal, this level is imperative to hold.
So far, so good...after a few days of flirting with this zone, the price reversed strongly and now is trading close to the 1400 figure which can be an indication that indeed, support held, a higher low is in place and bulls can soon take control.
I expect a continuation to the upside from Eth and 1750 and 2k could be reasonable targets in the next weeks.
Going further, a break above the recent 2k high could lead to more gains towards the very important 2.5k zone.
Buy dips as long as 1250 is intact can be a good strategy with great R: R
So far, so good...after a few days of flirting with this zone, the price reversed strongly and now is trading close to the 1400 figure which can be an indication that indeed, support held, a higher low is in place and bulls can soon take control.
I expect a continuation to the upside from Eth and 1750 and 2k could be reasonable targets in the next weeks.
Going further, a break above the recent 2k high could lead to more gains towards the very important 2.5k zone.
Buy dips as long as 1250 is intact can be a good strategy with great R: R
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.