Ethusdforecast
ETHUSD LONG - Buy Entry - H4 ChartETHUSD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: ETHUSD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 3142.78
TP - Resistance @ 3321.17
PP Y1 - Pivot Point Yearly @ 2870.8033
D1 Support @ 2807.27
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ETH/USD. LONGEthereum rallies to $2,800 high
ETH/USD consolidates above the $2,600 support.
ETH/USD has broken out of the range-bound movement as bulls resume upside momentum. The biggest altcoin was previously fluctuating between $2,205 and $2,600 but it is out of the range-bound move. Ether is expected to rise to the upside. After the recent retracement, Ether is consolidating above the $2,600 support for a possible upward move.
EthUsd approaching sell zoneAs it was normal, after reaching 2200, EthUsd has started to correct higher.
At the moment of writing, Ethereum is at 2700, exactly at last week's high, and is entering my sell zone
This resistance extends to 2950-3000 and a new dive is probable in the next days.
I still expect a visit to 1800 and only if I see sustained buying above 3k I will change my bearish opinion.