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) reached the 3/8 Murray around $2,187, which represents strong resistance as it is also at the 200 EMA. We could expect a technical correction in the coming days, and Ethereum might reach the psychological level of $2,000 around the 21 SMA.
ETH/USD is trading within an uptrend channel formed since February 22, but it is reaching overbought levels. So, it is likely that there will be a technical correction towards the lower band of the uptrend channel in the coming hours or days.
If Ethereum consolidates above the 200 EMA and above the 3/8 Murray, the bias could remain positive, and we expect the cryptocurrency to continue appreciating. Hence, it could reach the upper band of the uptrend channel around $2,365.
A break of the bullish channel and consolidation below the psychological level of $2,000 will be seen as a signal to sell, with a target at the 2/8 Murray located at $1,875. Finally, ETH is expected to reach the February 5 low of around $1,714.
Given that the Eagle indicator has reached extremely overbought levels, any pullback while trading below the 3/8 Murray will be seen as a signal to open short positions.
*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.
