Rimani 
Condizioni di trading
Strumenti
Technical outlook:
Ethereum had managed to hit both fibonacci targets projected around $2,000 and $2,436 over the past few week (see the red color projections). The sharp decline that came through thereafter was not a surprise as we expect prices to drop towards $1,500 mark in the next few weeks. Also note that it is close to fibonacci 0.382 retracement of the rally between $89.50 and $2,550 levels respectively.
Ethereum might rally towards $2,350 zone before resuming its next leg lower towards $1,500/1,600 mark. The crypto is seen to be trading close to $2,185 levels at this point in writing and is expected to produce a short pullback rally either today or tomorrow. Also note that immediate support is just below $2,000, followed by $1,540/50 levels respectively.
Looking at the overall structure, the uptrend still remains intact, but we might see a corrective drop towards $1,500 mark, before the rally could resume. Traders are advised to exit short positions if still holding for the immediate short term and sell again around $2,300 mark.
Trading plan:
Remain short, stop @ 2,600, target @ 1,500.
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
