Crypto Analysis Report 3-27-18 Ethereum...Sitting In Weekly Demand NOW

Ethereum is low on the curve and sitting in weekly demand currently. The last time price was at this level was back in December. Back then the buyers took price all the way to $1400 dollars.

NOTE: Price has memory.

Another indication of buyers at this level was on 3/18 (yellow circle). That wick indicates there are buyers below that level. If you have a long term view on Ethereum, you may want to consider buying if price gets down to the $425 level.

Conservative traders may want to wait for some conviction, meaning proof that price wants to move higher. My preferred set up is the following:

I'm looking for price to take out the sell orders at the $650 level. Once this level is taken out, I expect price to pull back when it gets to the $700 level (highlighted by the green arrows). During this pull back, look for demand orders on a 4 hr chart to then go long to my 1st target at $1200.

NOTE: risk no more than 2% of your account on any one trade.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.