ETHEREUM - critical level? watch this space!
There has not been much movement on the ALT coins - even for Ethereum. It has been consolidating.
Looking at ETHBTC, multiple indicators points to oversold. Price could breakdown, but I have added more ETH to my core position as I am holding for Medium to Long term. If it breaksdown, I'll add more to my core position. However, I am leaning towers a strong upward trend Wave 3 based on EW. With Devcon3 happening, anything can happen and news can through off any TA.
Looking at the big picture, it appears we are reaching a critical support. Watch this space!
Looking at ETHBTC, multiple indicators points to oversold. Price could breakdown, but I have added more ETH to my core position as I am holding for Medium to Long term. If it breaksdown, I'll add more to my core position. However, I am leaning towers a strong upward trend Wave 3 based on EW. With Devcon3 happening, anything can happen and news can through off any TA.
Looking at the big picture, it appears we are reaching a critical support. Watch this space!
Note
As analysed...short term target of $345.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.