If one sees a bullish pinbar or a bullish engulfing candle on the daily chart at 1082 levels then it may be a good buying opportunity with the target near 1250 and if it breaks 1250 then 1425.
If 1210.00 holds then ethereum can push to 2038.0 once more. If 1210.00 does not hold on a daily closing basis then 1041.00 will be exposed.
1.060 level has been an important level in the past. After breakout on 28 Jan 21, this is the first time the price is testing this level as new support. If it holds then 1.49, 1.76 and 2.08 will be exposed in the coming days. Thank you for your time. Any suggestions for improvement of the analysis are welcome.
ETH/USD has strong confluence of support at 1396.00 and 1513.00 levels. From there we may witness fresh buyers entering and pushing the price high. Whereas on the upside 1746.00 levels will act as a hurdle for the buyers in coming days.
NSE:ABAN Aban lost 6.42% on 30 May. Next support is 142.55 which is a low and is very near to the closing price of 30 May 18. The probability of a break lower is possible and may trigger stops of those who are long and there is a possibilty of a long red candle on the day it breaks.