Hello, Traders!
Having entered an uptrend, ETH has gone into a correction.
At the moment, trades are held in between $1,440 and $1,868, between the buyers' zone of interest at $1,302 to $1,440 and the sellers' zone of interest at $1,868 to $2020.
The situation on the world markets looks shaky, which provokes more and more traders to work from sales.
This situation was repeatedly played out by market makers during the bull rally. Thus, they pushed the price up and provoked the players to close the short positions at a loss, which in turn gave a new impetus for the price growth.
Based on this we can try to connect to the buy positions in the range of 1488-1578$.
The Stop Loss can be placed under the lower border of the buyers' area of interest - the level of 1302$.
The targets would be price levels of
$ 1670
$ 1868
$ 2018
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes only - measure your risks, while trading crypto currencies
Having entered an uptrend, ETH has gone into a correction.
At the moment, trades are held in between $1,440 and $1,868, between the buyers' zone of interest at $1,302 to $1,440 and the sellers' zone of interest at $1,868 to $2020.
The situation on the world markets looks shaky, which provokes more and more traders to work from sales.
This situation was repeatedly played out by market makers during the bull rally. Thus, they pushed the price up and provoked the players to close the short positions at a loss, which in turn gave a new impetus for the price growth.
Based on this we can try to connect to the buy positions in the range of 1488-1578$.
The Stop Loss can be placed under the lower border of the buyers' area of interest - the level of 1302$.
The targets would be price levels of
$ 1670
$ 1868
$ 2018
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes only - measure your risks, while trading crypto currencies
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.
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.