Etherium is following a sideway support line since June on the daily chart, I am personally opening long positions here, reasons for taking this trade:
1- Important Fib level acting as support (0.75 Fib on the daily)
2- Strong sideways support from on the daily chart from January
3- Crucial support from 50EMA on the daily, the daily 50 EMA has been acting as support for this uptrend ever since November.
5- Huge upside potential, ETH can go back to its all time high (around 2040), which gives this trade around 19% upside.
6- ETH/BTC looks ready for a breakout, it is currently sitting at a strong support level
Good Luck, and trade responsibly
1- Important Fib level acting as support (0.75 Fib on the daily)
2- Strong sideways support from on the daily chart from January
3- Crucial support from 50EMA on the daily, the daily 50 EMA has been acting as support for this uptrend ever since November.
5- Huge upside potential, ETH can go back to its all time high (around 2040), which gives this trade around 19% upside.
6- ETH/BTC looks ready for a breakout, it is currently sitting at a strong support level
Good Luck, and trade responsibly
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