ETH taking profits at +$3,100
ETH has made a 40% run against USD since the last BTC/crypto correction and looks to be meeting resistance at current levels +3,100.
Price has far exceeded all MAs and RSI +70 indicates overbought on historical basis, which means this is good place to take profits.
ETHBTC also looks to be topping out.
ETH has a lot of momentum and could keep running to $3,300, but looking for better risk/reward in other pairs.
Will look for re-entry if it tests the 50MA.
This is not financial advice.
Cheers,
Magic Capital
Price has far exceeded all MAs and RSI +70 indicates overbought on historical basis, which means this is good place to take profits.
ETHBTC also looks to be topping out.ETH has a lot of momentum and could keep running to $3,300, but looking for better risk/reward in other pairs.
Will look for re-entry if it tests the 50MA.
This is not financial advice.
Cheers,
Magic Capital
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.