ETHUSD Trending Upwards, But Caution Advised
Ether has had quite the week. Yesterday, we saw less volatility than usual across cryptocurrency markets. Partially, most traders and recent ICOs who participated in the panic sell in the recent downturn (throughout July/August) is assumed liquidated, as we're back to last year's levels. Where we go from here over this weekend looks like a continuation of the uptrend; however, we'll probably see a bit of pullback here and there.
Targeting $286. New support will be likely tested around $279. For short-term weekend traders, this can be a bit of fun; however, I wouldn't advise against the trend.
Stop loss: $270, as $275 might se some stop-trapped for those larger participants looking for ETH at a discount at that level, we'll be in $280 more than likely, as indicated by the trend.
Never forget, lightning could strike; however, the probability of market moving news is not anticipated this weekend.
With that: have a great weekend!
Targeting $286. New support will be likely tested around $279. For short-term weekend traders, this can be a bit of fun; however, I wouldn't advise against the trend.
Stop loss: $270, as $275 might se some stop-trapped for those larger participants looking for ETH at a discount at that level, we'll be in $280 more than likely, as indicated by the trend.
Never forget, lightning could strike; however, the probability of market moving news is not anticipated this weekend.
With that: have a great weekend!
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