The prices of ETH / USD could not reach the targeted $600.00 after the bottom formation as a countermove. The buyers' strength was too weak, so that the maximum distance was reached at $515.00.
Currently, the price of ETH is again completely at the starting point of the recovery on the ground at $ 412.00. Without a doubt, the 200-day line (EMA200) is the biggest resistance.
As can be seen in the screenshot, the price has not closed above since the beginning of June. As soon as the price approached the famous average from below, the sales pressure immediately resumed.
Therefore, it will be important to overcome this average first. This will certainly be a tough task, as the great upward trend is already above the current price and, together with the EMA200, is currently forming a large resistance cluster.
Therefore, I currently see a maximum price target on the top in the range of $460.00 over the next few days and weeks. Anything that goes beyond that, ETH would already need powerful support from buyers accompanied by high volumes and fundamental good, new news.
This is NOT investment advice and does not encourage buying or selling. Every reader is aware of this and makes his own investment decision with his own understanding of risk management!
Cheers Jessy
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your level lowered and you are now a Red Fish!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tradingqueen! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit