we've seen many project of Ethereum recovery from the last week. Then pull back might coming soon don't miss the bus.
I recommend buy area around 280-300 after the pull back and tp would be 1.618 ($480) and the next target would be 4.236($820)
risk/reward 4.33 and 11
just my idea, trade with your strategies.
alchemix has a potential to grow up due to the defi boom and the becoming of eth2.0
However the chart is great for trade too.
Enjoy! Is just my idea, trade with your strategies.
For the weekly target, I think rising wedge will occur and short player need to take profit at 32000$ and bounce back will high volume.
or you need to wait until it break out at 37000$ before making decision.
Just my idea! trade with ur stetegies.
From the chart, we saw the bearish divergence since the beginning of June. However we need to wait the signal to confirm those signals.
from my perspective if bull-run probably occur in this year 2021. It is a good outcome compare to the loss from the project. For example like BAND, LINK, UMA or Tellor was good project of oracle and LINK capture over 90% or oracle...
From the support zone at 34000, Btc can bounce to retest at 38000$ that would be great target for open short position.
Due to bearish trend, we suppose to see the new low at 28000(TP from short position) soon
