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ETHUSD Trading Update - Investment - Nairaland

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Daily Crypto Currency Trading Update (2) (3) (4)

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ETHUSD Trading Update by Famoosky(m): 9:20am On Mar 01
ETHUSD is obviously :

retracing its impulsive movement

finding a level of acceptance.

Blockchain traders can cheer at the bull acceptance @ 0.618 fib level and be optimistic for a new high.

However, it would pay the CFD traders to patiently wait for :

Observable buying structures

Test of 1200,1050 or 900 USD support level.


Re: ETHUSD Trading Update by Famoosky(m): 10:00am On Mar 04
The pair dip didn’t come as a surprise.

If you’ve been following this pair update here, you will understand the situation better.

At this moment, buyers are able to secure a visible and feasible trading structure for the next level.

A trendline break can of course help the coin price shoot higher.

Gains are expected to be taken at 1700 - 1750 USD.

Since the third swing points are not always reliable, a spike can push the coin price to approx. 1900 USD.

**Sentiment: Bullish **

Decision rule: Buy now or wait for a trendline break. If you must give up on unexpected drawbacks, let it be around 1428 USD

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