ETH based on volume and price action over past two days has reversed ending the steep correction moving higher on positive volume and price action. My forecast for a bottom was at $650.00 trend line/Fib level and ETH/Dollar traded below that level briefly before reversing higher. Crypro's across the board have enjoyed solid gains since Tuesday's turnaround (Turnaround Tuesday is an old and well known trader rule as Tuesday is often a market turnaround day) . I expect ETH to move in an ABC structure to test upper Fib levels as charted. If you have entered a trade long in the $600-800 range congratulations on making that entry. Do not forget to keep your stop orders in place to preserve gains as one should expect volatile swings as the trend reversal continues. Please share your trade ideas with me also and post comments to help us all learn more as we move ahead to profit in the coming year.
Cheers - its all a good day !!!
Cheers - its all a good day !!!