ETHUSD probable trend continuation.
Updated
With new investors on the Chinese market and the Bitcoin market volume being surpassed by Ethereum today, my expectation is that Ethereum will continue the bull trend which has been astounding in its recovery. China markets open in 5 hours, making this an excellent opportunity to buy long.
TP at 247, but I will watch carefully to see it break the trendline and increase even more. Setting a SL is not recommended because of volatility dips.
TP at 247, but I will watch carefully to see it break the trendline and increase even more. Setting a SL is not recommended because of volatility dips.
Note
The positive trend has not been lively. If there is no clear uptrend in 2 hours, set a strict SL at 210. She better not be heading south!Note
I'm still holding long. The low volatility of Ethereum was surprising. The unit is likely taking a well-deserved rest after an action packed 2 weeks. Meanwhile Bitcoin has been recovering better since the correction of the previous weekend.
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