Hello traders, pls like and follow if you agree.
MACD divergency of january 8th-10th brought ETH price down for a while, before rebounding towards $1435.
Now both main trendline and MACD indicator seems to agree on a durable uptrend.
Even if a couple of days ago price retested the supports at $1050 we saw a rapid recovery.
From now on we can expect new highs at $1500 first and then $1600 in a couple of months, but a slow lateralization in an horizontal channel between 1000-1500 would not be surprising.
Still on fire for a buy and hold strategy.
Good trading!
MACD divergency of january 8th-10th brought ETH price down for a while, before rebounding towards $1435.
Now both main trendline and MACD indicator seems to agree on a durable uptrend.
Even if a couple of days ago price retested the supports at $1050 we saw a rapid recovery.
From now on we can expect new highs at $1500 first and then $1600 in a couple of months, but a slow lateralization in an horizontal channel between 1000-1500 would not be surprising.
Still on fire for a buy and hold strategy.
Good trading!