Ethereum - Where The Price is Heading Next?

Updated
The Market is showing bullish momentum ever since The Price bounced from MA100 level and moved upwards from there. At the moment The Price is retesting Major Downtrend Line second time and if it manages to break upwards from here, then it would give us confirmation that the current trend will continue. Currently 1,000.00 is acting as psychological level and the importance of this level should not be underestimated. This level previously acted as support and has turned in to resistance. The Price could reject easily from this area. If The Price rejects from this level, it will likely retest MA100 level again and new trading opportunities can be opened from there with confirmed reversal signals.
Partial Profit Target is 1,149.00 and Main Profit Targets are 1,236.00 / 1,400.00.

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Happy trading!


Things to Remember:
  • Stop-loss orders are strongly recommended.
  • Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
  • Do your homework before investing.


DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.

Yarr The Pirate Crypto Cat
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