ETH has been correcting for 8 days now..forming what is to me an obvious sideways correction
This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts.
A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while.
With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH.
I have been long ETH via perps from $1430
and have been adding to my position under $1800
$1950 is a solid profit taking level
Good Luck Everyone!
This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts.
A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while.
With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH.
I have been long ETH via perps from $1430
and have been adding to my position under $1800
$1950 is a solid profit taking level
Good Luck Everyone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.