Vea también
19.05.2021 12:27 PM
Technical outlook:
Ethereum has reversed from above $4,200 levels as discussed earlier. The crypto is soon approaching its projected targets towards $2,750-2,800 levels, which is also fibonacci 0.382 retracement of the entire rally between $90 and $4,250 levels respectively. Traders are advised to prepare taking profits in short positions taken earlier now.
Ethereum is seen to be trading at around $2,900 levels at this point in writing and is expected to find support around $2,750/2,800 zone soon. Thereafter, we can expect a turn again as bulls might remain inclined to push through the next high. Immediate support is seen at $2,750, while resistance is around $3,400 levels respectively.
The overall trend remains bullish in Ethereum, as the trend line remains intact. Only a break below $1,300 levels would be a concern and change the trend to bearish. Watch out for support around $2,700/2,800 levels for the uptrend to resume and probably print new highs above $4,250 levels, going forward.
Trading plan:
Book profits on short positions taken earlier. Aggressive traders remain long with stop @ 2,000, target above @ 4,250.
Good luck!
Nuestra nueva app para su verificación rápida y cómoda
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
