Quick look at ETH on Monday morning
Hi all,
ETH is making a slow, but good progress trading out of the symmetrical triangle now. On Sunday, bulls managed to end the losing streak and formed a green candle to $242.
Next target up will be to consolidate the price above $240 and prepare for a further attack of the levels near $248-$250
I would open a long position if ETH breaks above $245. If not wait for a pullback towards $239-$240 and repeat. Target up - $249-$250.
Cheers,
ETH is making a slow, but good progress trading out of the symmetrical triangle now. On Sunday, bulls managed to end the losing streak and formed a green candle to $242.
Next target up will be to consolidate the price above $240 and prepare for a further attack of the levels near $248-$250
I would open a long position if ETH breaks above $245. If not wait for a pullback towards $239-$240 and repeat. Target up - $249-$250.
Cheers,
Note
ETH failed to break $245 which resulted in a drop to $239 and below that, I considered a recommended buy level. Still, let's see what pattern will be formed after the red pole on the 4-h chart.Note
to be honest I''m not too sure what to expect here since the price is not giving us any major signsI expected a more definitive pattern there, but the coin is still gravitating around $240 in an obvious ranging
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