ETH finally established an uptrend in mid-April against the USD but is still significantly below its February highs. The previous bullish swing in ETH from April 16 to April 24 was about 200.00, but Wednesday’s pull-back gave back a significant amount of that gain, but still held on to the trend line drawn across the previous two lows in the price. The midpoint of the large-bodied candle from Wednesday is around 660.00, which is a potential area of resistance for the price, and so a close above that level could provide an opportunity to go long ETH. A potential target based on the previous two moves is around 790.00. the current ATR is 49.13, and so a potential stop could be placed that amount below the entry price or breakout level at 660.00.
This is going to be very exciting year for all cryptocurrencies market as many more Billions of dollars will flow into cryptocurrencies causing all the prices to rise.
What do you think about the Crypto market this year 2018?
Topic: Ethereum bubbling Begin, How? Check out (Read 91 times)
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