$ETH | Buy Trade | Market Exec |
Technical Confluences:
- Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement
- Price action is at an Interest Zone area
Fundamental Confluences:
- Nothing much happening in the Crypto space at the moment and it will follow general market sentiment
- The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election
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Will be entering an entry here for
ETH & target the $3,244 levels.
Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone.
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- Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement
- Price action is at an Interest Zone area
Fundamental Confluences:
- Nothing much happening in the Crypto space at the moment and it will follow general market sentiment
- The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election
-----
Will be entering an entry here for
ETH & target the $3,244 levels.Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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