ETHUSD Update

19 сент. 2018 г.

ETH dropped since our last post but has found around $204 and has bounced back up to near the 38.2%FIB level. If we break and close above, we could see another test of the supply zone above around $229-$230. The FIB level could be another area to add to the short but one must keep an eye on BTC and whether or not this has the momentum to break higher.

RSI is turning up again while MACD is struggling to turn positive above the median line. All in all, ETH could very well come back down to test one or both of the demand zones but a move higher for a stop raid is still in the cards.

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19 сент. 2018 г.

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ETH has hit our first target around $196 and profit has been taken. Keeping a close eye on how this candle closes for further analysis. Stop has been moved in profit as well.