ETHUSD – is it an up trend or not?
Hi, friends. Yesterday, the ETH showed a impulse from the balance, which caused great interest from traders and investors.
Will there be continued growth further?
At the moment, the price has tested the level of resistance, and has being formed new narrow range.
As long as the price is inside the balance, we trade exclusively from the it borders (sell from resistance and buy from support). If the price will breakout 189.50, it will open the way to 196. For the medium-term trend, you need to pass the level of 204.
If there is a breakdown of the lower 186, then the ETH will goes to 180.
At the moment, the priority of buyers remains, but be careful and put stop losses.