jashjacob

ETH - SHORT TERM & LONG TERM LEVELS

Long
BINANCE:ETHUSD   Ethereum / U.S. Dollar
ETH has rallied up in the last two trading days to reach fresh highs in a long time. We are seeing similar run to Jan 2018 in the mix.

Yellow Trend Lines show long term levels with respect to the 2018 run up.
Green Trend Lines indicate short term support & resistance . If price sustains over each of these Trend lines , we wil see price moving up. Corrections will be fast in a voltaile bull rally.
Comment: We saw a strong rejection at $1270.00 for ETH.
Trade closed: target reached: All targets reached.

Comments

Nice...prediction. How low it can go now?
Reply
jashjacob misbah.arfin
@misbah.arfin, Market is irrational. You cannot predict how low it will go.

If BTC is trading lower & lower. ETH will also bleed.
Reply
Good analysis .. but it will corect the price as rally gone very sharp from 3 days .. what u say?
Reply
jashjacob Gaurihar
@Gaurihar, We will be seeing quick corrections in this market. Yesterday in the matter of 2 hours the price moved around 200$.

Same was noticed today. Short swing trades between supports can be taken.
+1 Reply
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