AlanSantana

Ethereum Next Target Mapped ($222, $215, Lower?)

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum ( ETHUSD ) goes together with Bitcoin ( BTCUSD ) and Bitcoin is starting to drop...

Here we have the next target for ETHUSD .
  • We will hit ~$226 with a high probability on this drop.
  • The red volume is high and the indicators curving strong.

But first, ETHUSD will hit MA200 at $234.10, depending on how this level is handled, we will visit $226.46 next.

Based on my EMAs analysis, the 0.786 Fib. support can be hit as well... But this drop is just getting started, let's not get ahead of ourselves.

This is a short-term analysis, not intended for you to trade.

You need to have your own plan and strategy, always remember this, here we are only reading the chart... But when trade, we share the full numbers (buy-in, targets, stop-loss & additional information).

Namaste.

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