Do not lose sight of Ethereum
#ETH
Excellent closed both short transactions of the last days, published in the premium channel, the profit was + 9.06% and + 9.72%. With respect to long-term investments, once again to be at good levels for a partial selection in its crypto-currency portfolio. But globally, markets are lagging behind in the bearish phase and the next few days look rather unpredictable. Be careful, but do not lose sight of Ethereum, in case of drawdowns it will be a good opportunity to add a long long-term position. Looking at the large-scale charts, we can see that we are below the level of Fib 0.786 (which often acts as a reversal), which should not allow the market to go much lower. On the other hand, we have a strong resistance to two downward trends (from the global maximum and from April), attempts to overcome them can give both a strong bullish momentum and bearish. Bearish momentum during this period will enable to add long positions at a lower and more favorable price, and the bullish will test the 320 mark, overcoming which will reduce the likelihood of a further bearish scenario and will enable us to consider the strategy of long trades.
Excellent closed both short transactions of the last days, published in the premium channel, the profit was + 9.06% and + 9.72%. With respect to long-term investments, once again to be at good levels for a partial selection in its crypto-currency portfolio. But globally, markets are lagging behind in the bearish phase and the next few days look rather unpredictable. Be careful, but do not lose sight of Ethereum, in case of drawdowns it will be a good opportunity to add a long long-term position. Looking at the large-scale charts, we can see that we are below the level of Fib 0.786 (which often acts as a reversal), which should not allow the market to go much lower. On the other hand, we have a strong resistance to two downward trends (from the global maximum and from April), attempts to overcome them can give both a strong bullish momentum and bearish. Bearish momentum during this period will enable to add long positions at a lower and more favorable price, and the bullish will test the 320 mark, overcoming which will reduce the likelihood of a further bearish scenario and will enable us to consider the strategy of long trades.
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