Ethereum Chart Analysis - Jan 29, 2018

in cryptocurrency •  2 years ago  (edited)

Today we are going to analyse Ethereum.

First of all it retraced a healthy amount and is making a higher highs and lower lows. Eth is clearly bullish, moving in an upward channel. If you are looking for an entry on Ethereum, it would be best to enter on a bounce of the bottom trendline of the channel. Be aware that eth might not retrace that low, because the momentum is clearly pretty good. A conservative take profit would be around the $1400 level.

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good info