Looking at Ethereum on the 12-hour time frame we see the bounce from the $1,161 level which could’ve just formed the local bottom for this next swing upwards.
1st target I’m aiming for is $1,287 and then we’ll re-evaluate from there, but huge capitulation move down in November, so would expect the same set of volatility to reclaim back on the upside.
Trade is invalidated with a close underneath $1,161, from there, looking at $1,110. As of now, price action is looking good.
As always please do your own research, I am not a financial advisor.
1st target I’m aiming for is $1,287 and then we’ll re-evaluate from there, but huge capitulation move down in November, so would expect the same set of volatility to reclaim back on the upside.
Trade is invalidated with a close underneath $1,161, from there, looking at $1,110. As of now, price action is looking good.
As always please do your own research, I am not a financial advisor.
