xrowfm

Medium-term bearish outlook for ETHUSD - Long-term bullish play

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COINBASE:ETHUSD   以太坊
ETHUSD is burning hot right now! The pair has been trading way off its SMA100 on daily bars and I expect it to pullback below it in the next few weeks, therefore offering a fresh opportunity to buy. I would expect it to cover between half and 80% of the distance to EMA200 which means the 900$ level would be reached at some point in the second half of February 2018 if price action does not invalidate this idea before. We will be watching for some resistance around latest high at $1,420.
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