Hello to all the crypto-maniacs !
Ethereum has grown well during the night and we are getting into it. Yesterday we gained 15% before reselling 50% of our ETH to secure the profit. Today, ETH took another 5-6%, we are still there to cash in, the last 24 hours were pleasant!
Must we sell now the rest of our Ehereum?
We left our range on the rise, the next resistance is around 174 euros and could be difficult to pass. This resistance is a pivot, if we pass it we will leave test 200 euros and more, conversely, if it proves to be too resistant we will quickly test the support around 120 euros.
We are in oversold area in the bollinger bands. There is room for gains, but any upswing is hampered by our trend line. However, we are approaching our turning point of trend which is now around 192 euros.
Our oscillators should give us the trend for the next 24 H.
We are in an oversold area on the RSI that starts up again after giving us a buy signal two days ago. Moreover, MACD seems to have begun its turnaround and decided to give us a signal to buy in a few days.
However, sellers still dominate the market and the ADX seems to want to start lower. We have a bearish divergence on some of our oscillators, a reversal of downward trend is inevitable.
To conclude on ETH:
During the correction, an irrational panic led us to 120 euros. Now, panic has reversed the trend, as the public is afraid of missing the "remontada" to buy in large quantities and raises prices in a totally irrational way.
So we think that this is only a pull back that has almost no chance to exceed 180 euros, and that the correction will resume more beautiful!
The plan :
We secured 50% of the ETH yesterday, we still secured 25% with a target price at 170 euros.
Target price: 170.
Highlight Keys:
Volume
pivots
Essential resistances: 170 - 175 - 192
Essential supports: 162 - 155 - 150
Pivots: 150 - 175
Here to win!
