EthereumAlış
ETHUSD still gravitating around $200
Hi all,
As commented on my Friday update for ETH, there were two possible directions it could take. First, a continuation of the downtrend and a drop to the next support zone around $187-190, and then possibly to $175.
The second was to stabilize above the horizontal S/R line at $200 and consolidate for an attack of the next targeted zone near $216-$220.
The ether took the second path and was doing pretty well until it hit the unexpected resistance near $210 as visible on the 1-h chart. The two consecutive failed attempts to break it resulted in a fresh drop to $200, which is also supported by the diagonal resistance turned support.
It is true that the indicator-saturated area near $200 was broken during the weekend, but you see how quickly bulls managed to recover after they were pushed down to $190. Price is gravitating around the psychological level that is $200 and unless we see a major shock on the market I see it as a very stable line of support.
What I expect from here is another push towards $220.
Cheers,
As commented on my Friday update for ETH, there were two possible directions it could take. First, a continuation of the downtrend and a drop to the next support zone around $187-190, and then possibly to $175.
The second was to stabilize above the horizontal S/R line at $200 and consolidate for an attack of the next targeted zone near $216-$220.
The ether took the second path and was doing pretty well until it hit the unexpected resistance near $210 as visible on the 1-h chart. The two consecutive failed attempts to break it resulted in a fresh drop to $200, which is also supported by the diagonal resistance turned support.
It is true that the indicator-saturated area near $200 was broken during the weekend, but you see how quickly bulls managed to recover after they were pushed down to $190. Price is gravitating around the psychological level that is $200 and unless we see a major shock on the market I see it as a very stable line of support.
What I expect from here is another push towards $220.
Cheers,
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.