Hello, Traders!
The interest in altcoins begins to fall gradually. Traders are progressively fixing their positions in altcoins in favour of BTC, so Bitcoin's dominance begins to increase incrementally.
In such a situation, it is possible to look for ETH purchases on a deep correction, after the stops of aggressive buyers are collected.
It's best to wait for the price to move into the $1960 - $2140 zone and search for buy entry there.
A stop-loss can be placed below the level of $1740.
The targets for such purchases will be
$2488
$2800
$3000
$3200
$3590
Perfect risk/reward ratio of 3.60!
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
The interest in altcoins begins to fall gradually. Traders are progressively fixing their positions in altcoins in favour of BTC, so Bitcoin's dominance begins to increase incrementally.
In such a situation, it is possible to look for ETH purchases on a deep correction, after the stops of aggressive buyers are collected.
It's best to wait for the price to move into the $1960 - $2140 zone and search for buy entry there.
A stop-loss can be placed below the level of $1740.
The targets for such purchases will be
$2488
$2800
$3000
$3200
$3590
Perfect risk/reward ratio of 3.60!
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
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.