Hello everyone welcome to this quick update on ETH.
Earlier ETH broke above the cup and handle pattern and moved upside by 4% and got reversed from the $1220 price level.
In the current scenario, ETH again trading on a support zone level of $1170 which looks like a strong support zone at this time frame, here we can buy some at the current price level and add more if it drops downside.
MACD also printed a bullish signal with a bullish crossover between the bands.
As we all know current market is way uncertain so if you are getting in the long with low capital and always buy partially for being on the safer side always.
If Candle close below the lower support zone then it will be the invalidation and ETH’s entry at bearish mode.
If you like my ideas then do support them with like and follow.
Also, share your views in the comment section.
Thank You!
Earlier ETH broke above the cup and handle pattern and moved upside by 4% and got reversed from the $1220 price level.
In the current scenario, ETH again trading on a support zone level of $1170 which looks like a strong support zone at this time frame, here we can buy some at the current price level and add more if it drops downside.
MACD also printed a bullish signal with a bullish crossover between the bands.
As we all know current market is way uncertain so if you are getting in the long with low capital and always buy partially for being on the safer side always.
If Candle close below the lower support zone then it will be the invalidation and ETH’s entry at bearish mode.
If you like my ideas then do support them with like and follow.
Also, share your views in the comment section.
Thank You!
Possibly ETH can show almost a 10% move in a short period of time.