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!
Ethereum (ETH/USD) has been under bearish pressure over the weekend and is currently trading above the 2/8 Murray, which represents strong support for Ethereum. If ETH consolidates above $1,950, where the 21 SMA is located, in the coming hours, we could expect the cryptocurrency to recover.
On the H4 chart, we can see that ETH/USD has left a bullish pennant formation. It means that if there is a break above $1,950 and a consolidation above the 21 SMA, we could expect it to reach the upper band of the downtrend channel around $2,085. Ethereum could even rebound to the 200 EMA around $2,120.
A sharp break and consolidation above the downtrend channel and consolidation above $2,100 could be seen as a clear signal to buy Ethereum in the coming days. ETH could reach the 4/8 Murray around $2,500.
Conversely, if Ethereum falls below $1,950 and consolidates below the 2/8 Murray, the downward pressure could persist, and the crypto could reach the lower band of the downtrend channel around $1,660 and even plunge to the 1/8 Murray around the psychological level of $1,500.
*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.
