ETH Market Commentary 16.11.2019
Updated
Yesterday we saw balanced selling activity across the Crypto board from several accounts, even though spot finished virtually unchanged from the range fluctuations. Overall volumes are supportive on the local and foreign front after the recent blip:
On the risk side, I remain in the bullish camp on Cryptos here for Macro-specific reasons with Fed introducing QE4 we will see better odds to be long ETHUSD with 290.00 short-term target at the moment. I don't expect any decent support for Dollar for the rest of the year into:
=> A further 25bps cut - October and another likely in December being the most meaningful ones.
Good luck all those on the buy side in ETH
On the risk side, I remain in the bullish camp on Cryptos here for Macro-specific reasons with Fed introducing QE4 we will see better odds to be long ETHUSD with 290.00 short-term target at the moment. I don't expect any decent support for Dollar for the rest of the year into:
=> A further 25bps cut - October and another likely in December being the most meaningful ones.
Good luck all those on the buy side in ETH
Comment
Zzzz
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