ETH having the cleanest chart among other cryptos, including Bitcoin! While others struggling to get out of their consolidation zone for months now, ETH kept it's uptrend movement and yesterday officially started to move higher.
Short term I anticipate a pull back to $261 since RSI is oversold in 4h time frame. Then we will see another wave up. The targets are $297 and then $325. Long term would be 1.618 Fib Extension or $403. I will only trade ETH for now until I see something interesting in other cryptos....
Correction: I meant "overbought" not "oversold".....
ShawnMCR
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Milad Jan, what is the safest short term strategy? Sell now and wait for the $261? Or hold on till it gets to $290?
Milad_IMZ
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@shahinghani34741, Shahin jan, it all depends on your trading style. As you know nothing is certain in trading and it's all based on probabilities. That being said, I always let the market decide. So for now I'm out since there is a higher probability of retracement than continuation of the uptrend. Maybe I'm wrong, so let's see how it goes. But overall, ETH is very bullish at the moment.