ETHUSD - The Merge - SOLD THE NEWS
As everyone and their mother expected, ETHUSD dumping after the merge.
Recently ETH outperformed Bitcoin a lot.
We consider the possibility that BTCUSD will hold a double bottom but we also expect the price to go sideways.
Meanwhile ETHUSD (and ETHBTC) will retrace to retest the key level at 1200 - 1300 usd.
If the bottom is in on Bitcoin, 1200 usd ETH support should hold .
In the next days we expect the price to continue dropping but some bounces on lower timeframes can occur.
MACD shows increasing negative momentum which suggests that the short-term downtrend will continue.
ETHUSD Long term Buy at 1200 - 1300 usd.
Recently ETH outperformed Bitcoin a lot.
We consider the possibility that BTCUSD will hold a double bottom but we also expect the price to go sideways.
Meanwhile ETHUSD (and ETHBTC) will retrace to retest the key level at 1200 - 1300 usd.
If the bottom is in on Bitcoin, 1200 usd ETH support should hold .
In the next days we expect the price to continue dropping but some bounces on lower timeframes can occur.
MACD shows increasing negative momentum which suggests that the short-term downtrend will continue.
ETHUSD Long term Buy at 1200 - 1300 usd.
Trade closed: target reached
Targed reached as expected. Congratulations
💥 Free signals and ideas ➡ t.me/vfinvestment
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
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.