ETHUSD
has been trading below historic trendlines and has seen a period of accumulation, after which is it now slowly building momentum. Some of the other coins with historic strength have shown significant momentum already, with eth somewhat lagging behind. This gives a good opportunity to enter eth at an attractive level early in a bullish cycle. According to my charts, ETH is projected to hit $530 by end of this month. At what point you decide to enter is up to you. Conservatively, you can wait to test the $315 resistance and watch if it becomes support. Alternatively, wait and see if ETH tests lower boundary support at $270-$280 before entering. Personally, I have entered this trade at $280, with final targets at $530 (S/L set to $265). You can take 1st profits at $360~.
ETHUSD
has been trading below historic trendlines and has seen a period of accumulation, after which is it now slowly building momentum. Some of the other coins with historic strength have shown significant momentum already, with eth somewhat lagging behind. This gives a good opportunity to enter eth at an attractive level early in a bullish cycle. According to my charts, ETH is projected to hit $530 by end of this month. At what point you decide to enter is up to you. Conservatively, you can wait to test the $315 resistance and watch if it becomes support. Alternatively, wait and see if ETH tests lower boundary support at $270-$280 before entering. Personally, I have entered this trade at $280, with final targets at $530 (S/L set to $265). You can take 1st profits at $360~.