Small long on Ether

9 thg 10, 2019

Looks like, the volume might pick up soon on Ether after it managed a daily close above 61.8% retracement. This should allow it to move upwards to 180 euros/200 US dollars price. besides the volume the onside neck line candle formed yesterday, causing the 61.8% retracement to form a support also. Ideally, you want to stay away from support/resistance and let the market decide at these junctures. However, after two weeks of selling, the consistent volume in buying from 140 euros/155 US Dollars has formed another level of support that shall allow the market to move upwards, so, a smaller risk than the usual could be a safe trade here due to the high R:R

PS: It not a financial advice