Ethereum may fall into this area, IMPORTANT update 😮😮
Updated
After updating local highs, eth failed to hold higher and then corrected by more than 10%.
Ethereum is now trading at $2060, and it is likely that the price will come back to test the level noted above. At this point, I am not sure that eth will have the strength to close higher and go for a renewal of its highs.
If the price returns to the area marked on the chart above and tests it as resistance, in addition to that there will be increased volumes, it is more likely that Ethereum will go lower to the marked levels. In case the price reaches the first potential target, it is best to fix part of the position!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ethereum is now trading at $2060, and it is likely that the price will come back to test the level noted above. At this point, I am not sure that eth will have the strength to close higher and go for a renewal of its highs.
If the price returns to the area marked on the chart above and tests it as resistance, in addition to that there will be increased volumes, it is more likely that Ethereum will go lower to the marked levels. In case the price reaches the first potential target, it is best to fix part of the position!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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