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) is trading around $1,889 within an uptrend channel that has been forming since late June and is consolidating above the 3/8 Murray level, suggesting that it could resume its uptrend in the coming days.
Given that Ethereum is trading higher, it is expected to rise in the coming days. Therefore, it makes sense to open long positions after we wait for the price to consolidate above the 3/8 Murray level; or if ETH touches the lower band of the uptrend channel around $1,860, this could be considered a buying opportunity.
According to the chart, we can see that the 4/8 Murray level would be a good point for opening profits around the psychological level of $2,000. If the upward momentum prevails, we could expect ETH to reach the upper band of the uptrend channel around $2,085.
Conversely, a drop below the 3/8 Murray level, coupled with a break below the 200 EMA around $1,815, could signal a trend reversal, and ETH/USD could fall to the 2/8 Murray level around $1,750 and eventually reach the 1/8 Murray level around $1,625.
The Eagle indicator is showing a negative signal, so we should be cautious if a break below $1,800 occurs. Conversely, above this zone, the outlook will remain bullish.
*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.
