Expect some action coming your way for Ethereum
Based on the Day chart, it has found some support at 122.80 in mid Dec last year and is
trending up nicely thus far. On 6 Jan and 10 Jan, it attempted to breakout of 144.89 but it failed.
Two possible scenarios :
1. It breaks out from 144.89 next week or so and charge up towards 157
2. It breaks down from the bullish trend line and heads towards 122.80 to retest one more time.
I am of the opinion that Option 1 is more likely to happen.
Trade safely.
trending up nicely thus far. On 6 Jan and 10 Jan, it attempted to breakout of 144.89 but it failed.
Two possible scenarios :
1. It breaks out from 144.89 next week or so and charge up towards 157
2. It breaks down from the bullish trend line and heads towards 122.80 to retest one more time.
I am of the opinion that Option 1 is more likely to happen.
Trade safely.
Note
A 90 degree shoot up. For those who wants to buy, wait for pull back but note that cryptocurrencies are fond of several sharp 90 degrees bullish candles for a few days to weeks before seeing any decent pullback. Yes, it is a pretty fast game so manage your risks well.Congrats to those who longed.
Note
Please take partial profits and let remaining run.....Note
Praise the Lord, it went up 12% today! Yes, it is insane and a possible pullback is imminent , that is why I am not adding , just observing and being grateful for the profits thus far
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