Ethereum Short term Price Targets
Updated
While ETHUSD and everything else is all basically parallel with what BTC does, these are the corresponding ranges on ETH that I am watching.
Swing zone: I guess you could trade back and forth but I'll just watching.
Bear Zone: I'll nibble in here, but only deploy ~25% of what I want to buy.
Life Jacket Zone: Down here is where I hope to buy. Maybe a slow drip down and then quick plummet and get a limit order filled near 750 again.
Bull Zone: Good short term sign to break into the next zone. I would take profits in this area.
Helmet zone: Great short term to bounce back. Def a good zone to pull out some profits, unless you have the stones to ignore the last few days and keep on truckin...
Just target ranges for where I think we'll hover for a bit. I still expect aftershocks from this correction, and a lot of consolidation time. Keep you feet planted on the head fakes!
Cheers
Swing zone: I guess you could trade back and forth but I'll just watching.
Bear Zone: I'll nibble in here, but only deploy ~25% of what I want to buy.
Life Jacket Zone: Down here is where I hope to buy. Maybe a slow drip down and then quick plummet and get a limit order filled near 750 again.
Bull Zone: Good short term sign to break into the next zone. I would take profits in this area.
Helmet zone: Great short term to bounce back. Def a good zone to pull out some profits, unless you have the stones to ignore the last few days and keep on truckin...
Just target ranges for where I think we'll hover for a bit. I still expect aftershocks from this correction, and a lot of consolidation time. Keep you feet planted on the head fakes!
Cheers
Note
Well the pivot range is still in play and we are back in the middle ground. The break to the upside was nice but volume was light so this was short-lived. Similar to the drop on Dec 22nd, this looks like it was a bull trap.I still like these ranges to watch and believe that heading to bear/lifejacket zone is inevitable. 1000 has held for a while but recently just broke. I'll watch the slow bleed and look for an entry towards the end of the week. Some around 850, and bigger limit buys set in the 700-750 range if that hits on a quick drop at some point.
Good luck, be safe, stay sharp, and take profits when you can!
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