Hello again traders!
For this analysis we're viewing the 4H chart:
This is a very straightforward analysis. I believe ETH has established itself within a beautiful ascending channel as it races towards $2000.
We saw a large sell off yesterday and we established our lower support levels at the bottom of the channel, given Ether's recent hype and major events on the horizon,
institutions are more now than ever giving this premium alt-coin their undivided attention, our King BTC is showing dominance in recent times which I believe slowed ETH's climb due to liquidity,
however I don't think this is a detrimental thing, it gives traders an opportunity to get in some quick extra buys while we bounce through this channel.
Regardless of your entry, we will be seeing ETH rise to $2000 within the week. I am monitoring this one very closely, and you should as well.
Especially February 8th, our CME ETH Futures launch date, I think this is going to be a catalyst for greater highs in our ETH world, however we will see massive volumes at and around that date, large hands will be played.
Set your stop losses, and let it run free.
Happy trading!
For this analysis we're viewing the 4H chart:
This is a very straightforward analysis. I believe ETH has established itself within a beautiful ascending channel as it races towards $2000.
We saw a large sell off yesterday and we established our lower support levels at the bottom of the channel, given Ether's recent hype and major events on the horizon,
institutions are more now than ever giving this premium alt-coin their undivided attention, our King BTC is showing dominance in recent times which I believe slowed ETH's climb due to liquidity,
however I don't think this is a detrimental thing, it gives traders an opportunity to get in some quick extra buys while we bounce through this channel.
Regardless of your entry, we will be seeing ETH rise to $2000 within the week. I am monitoring this one very closely, and you should as well.
Especially February 8th, our CME ETH Futures launch date, I think this is going to be a catalyst for greater highs in our ETH world, however we will see massive volumes at and around that date, large hands will be played.
Set your stop losses, and let it run free.
Happy trading!