Coin Calls: Ethereum
Ethereum – Buy Signal at the Stated Levels for several reasons
The Past 2 weeks saw Ethereum go towards a never-ending spiral to $300, before bouncing up and staying within the $319 level.
The spiral was brought on by the closeness between Bitcoin and Ethereum values as well as ICO’s who used Ethereum as their main store of value, liquidating their holdings into FIAT/Tether.
The fact that the past three days saw Ethereum stay above $312 has been excellent news, if this continues, we will see Ethereum try for the $370 level again.
The recent breakouts on the 1H Mark illustrate that Ethereum is trying to angle a way into breaking above the $324 mark.
The Nouvive Sentiment indicator is showing us negative signs, especially as there are gaps between $309 and $314.
Nouvive is awarding Ethereum a temporary BUY signal to enter Ethereum at the stated levels below.
Enter buy 25%: $306
Enter buy 25%: $307
Enter buy 50%: $310.50
Take Profit 100%: $346
Profit: 11% – Move Stop Losses up whenever in profit
Stop Loss: $303
Time Line: 1 Week
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