ETHEREUM (ETH/USD) - Technically a Good Entry Area
Ethereum has outperformed a lot of other altcoins, it has shown decent growth.
Yesterday, the entire market made a pretty big drop and Ethereum is not an exception. Technically it was a classical role reversal, 2018 April support level became resistance around $360:
The market is currently a bit unpredictable. To make good investment decisions we should search for high probability trading setups, high probability bounce areas. Currently, I can offer you an area where the probability is pretty high.
Technically a good bounce area stays around $250:
1. Previously worked strong area should act as a support
2. Fibonacci retracement 38%
3. Curve trendline
4. EMA100&200 have started to rise into the blue box and they should act as support levels.
5. A bit subjective ascending channel upper trendline runs through the box and it should also work as a supporter.
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Yesterday, the entire market made a pretty big drop and Ethereum is not an exception. Technically it was a classical role reversal, 2018 April support level became resistance around $360:
The market is currently a bit unpredictable. To make good investment decisions we should search for high probability trading setups, high probability bounce areas. Currently, I can offer you an area where the probability is pretty high.
Technically a good bounce area stays around $250:
1. Previously worked strong area should act as a support
2. Fibonacci retracement 38%
3. Curve trendline
4. EMA100&200 have started to rise into the blue box and they should act as support levels.
5. A bit subjective ascending channel upper trendline runs through the box and it should also work as a supporter.
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
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