Steppe57

Ethereum - Looking to buy monthly range at 1100$

BITSTAMP:ETHUSD   이더리움
ETHUSD

Think we will see a decent bounce off the monthly range (the level at which a month opens into the next one; in crypto mostly at the same level) around 1100$. From here it becomes guessing. If we take out ~2800$ and see a decent weekly close above it, we might go higher and the rallye continues. If we however drop below 1100$ again (after the bounce) and see a weekly close below (preferably monthly), it could be the start of a long bear market. We had a similar scenario back in 2018, where we bounced off ~360$ and had a monthly close below this level in august 2018. ETH dropped another 80% after that. Not saying it will happen, no one knows - But buying 1100$ is likely going to be a decent swing entry nonetheless.

Be patient and stay safe.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.