vf_investment

ETHUSD - The Merge - SOLD THE NEWS

Short
vf_investment Aggiornato   
BITSTAMP:ETHUSD   Ethereum
As everyone and their mother expected, ETHUSD dumping after the merge.

Recently ETH outperformed Bitcoin a lot.
We consider the possibility that BTCUSD will hold a double bottom but we also expect the price to go sideways.
Meanwhile ETHUSD (and ETHBTC) will retrace to retest the key level at 1200 - 1300 usd.

If the bottom is in on Bitcoin, 1200 usd ETH support should hold .

In the next days we expect the price to continue dropping but some bounces on lower timeframes can occur.

MACD shows increasing negative momentum which suggests that the short-term downtrend will continue.

ETHUSD Long term Buy at 1200 - 1300 usd.
Trade chiuso: obiettivo raggiunto:
Targed reached as expected. Congratulations

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