Hello, Traders
ETH is the current growth leader.
The gap of the price value from MA100 on the daily timeframe is 24%. The value of RSI indicator on the daily timeframe is in the bullish zone, above the average line of 50.
In case the selling pressure on Bitcoin stops, we can expect the continuation of growth, and now the market can give a good entry point into the asset.
It is possible to connect to the purchases in the range of $2080 - $2140.
Stop-loss can be placed under $1930.
The targets will be the Fibonacci extension levels based on the trend
$2398
$2763
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered financial advice
ETH is the current growth leader.
The gap of the price value from MA100 on the daily timeframe is 24%. The value of RSI indicator on the daily timeframe is in the bullish zone, above the average line of 50.
In case the selling pressure on Bitcoin stops, we can expect the continuation of growth, and now the market can give a good entry point into the asset.
It is possible to connect to the purchases in the range of $2080 - $2140.
Stop-loss can be placed under $1930.
The targets will be the Fibonacci extension levels based on the trend
$2398
$2763
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered 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.