ETH-USD Safe buy zone and possible target

21 בינו׳ 2018

ETH has strong potential as a token platform, moreover it becomes well-known to people. It is obvious that ETH price will increase significantly in 2018. Nevertheless in the short term we should carefully consider safe buy zone. As we can see on the chart price is far above ichi cloud which means it will grow further. In order to find the safe buy zone we use Fib S3 point on a day timeframe chart, so the point of $981.47 is probably a good entry point while $1242.27 can be a good target according to Fib R3. According to Stoch RSI ETH is in the oversold zone which is also points on further growth.