The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
ETH/USD is trading around 3,302, retreating after reaching a high of around 3,400. This level coincided with the top of the uptrend channel. Since Ether encountered strong resistance in that area, we are seeing consolidation above 3,250.
On the H4 chart, we can see that a pattern called a pennant has formed. A sharp break above the 21 SMA located at 3,262 is likely to occur, and we could expect ETH to reach 3/8 Murray around 3,437.
If the downward pressure prevails and the price consolidates below 3,262, we could expect a drop towards the support of the uptrend channel located at 3,180. It could finally find strong support at the levels that coincide with 2/8 Murray and the 200 EMA around 3,125.
The Eagle indicator is showing a positive signal, so it is likely that ETH will continue to rise in the coming days, and any pullback will be seen as an opportunity to open long positions with a target at 3,437 and even reach the psychological level of 3,500.
Our trading plan for the next few hours is to buy ETH/USD in the event of a technical rebound around 3,260 with targets at 3,350 and 3,437.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
