ETH taking profits at +$3,100
ETH has made a 40% run against USD since the last BTC/crypto correction and looks to be meeting resistance at current levels +3,100.
Price has far exceeded all MAs and RSI +70 indicates overbought on historical basis, which means this is good place to take profits.
ETHBTC also looks to be topping out.
ETH has a lot of momentum and could keep running to $3,300, but looking for better risk/reward in other pairs.
Will look for re-entry if it tests the 50MA.
This is not financial advice.
Cheers,
Magic Capital
Price has far exceeded all MAs and RSI +70 indicates overbought on historical basis, which means this is good place to take profits.
ETHBTC also looks to be topping out.ETH has a lot of momentum and could keep running to $3,300, but looking for better risk/reward in other pairs.
Will look for re-entry if it tests the 50MA.
This is not financial advice.
Cheers,
Magic Capital
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