Hello everyone and welcome to my new idea on ETHUSDT on 1D chart. As always do your DD. Be sure to like if you agree and follow my profile for more ideas.
Few numbers to begin with
1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again.
2.Deciding point on whether we go up or down, I expect we will see in 2 days at max.
3. Previous bullish trend break, followed by sideways trading until now
4. First resistance on the way up
RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22.
Happy trading!
Few numbers to begin with
1. ETH Major support. We bounced out of it in a big fashion last time. Expected to hold if things go south again.
2.Deciding point on whether we go up or down, I expect we will see in 2 days at max.
3. Previous bullish trend break, followed by sideways trading until now
4. First resistance on the way up
RSI is at about 50% which does not tell us much, MACD looks the same. ETH could really use some catalyst to bring the volume in. My expectation is that next 2 candles will decide on our next move, so I would wait with buying just yet. I remain very bullish in ETH, I keep accumulating more during these times. My realistic PT before EoY is 4800-5200, and 20.000 Eo22.
Happy trading!