Daily ETH outlook 09/01/2018

in #ethereu7 years ago

Ethereum_ETH_USD1h.png
hourly

Ethereum_ETH_USD1d.png
daily

In my last outlook I wrote:
Well, what should I say. Maybe only: to the moon - lol.
In the last days we saw a nice breakout above the last high, which can be seen very bullish so far. Ideally 1,000 should be next target.

Indeed 1,000 was hit and it even accelerated the trend and shot up to 1,200. The last upmove was clearly an exaggeration and got corrected today.
Today the Price went shortly below 1,000, but could get up above it again. Overall the chart Looks bullish.

As I am not invested in eth right now I also don't see any reasons to do so now and would wait for clearer signals.
Although it wouldn't be surprising if the price would go toward 1,200 again.

onyl my opinion - take care and don't risk to much

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