In the previous post I analyzed looking at the graph that we could draw a triangle which was broken with little volume, lateraling the price, product of Bitcoin indecision.
That lateralization of Ethereum causes the triangle to be transformed into a flag that could break up or down.
Let's see
Today it has touched the upper limit, the price, and its volume remains low.
This analysis is medium term.
If we measure the height of the flag and project the possible price break, we could estimate a possible target price
Possibilities
Bullish
- Objective $ 280 dollars approx.
Bearish
Objective $ 170 dollars approx.
Intermediate objective $ 185 dollars approx.
Mientras Bitcoin no ecuentre un camino definido muchas alcoins van a lateralizando y ethereum no es la excepción.
What do you think?
Leave your comment or your vote. Your opinion and participation is important
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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