I will be very sincere, for me, Investing in Ethereum for long-term benefits is one of my winning strategies for 2020.
Not only is it the issue of its price and its record of highs, it is also fungibility and, in terms of Technical Analysis, ETH will not take long to resume its upward trend. However, it is important that you share with them that challenges and opportunities may arise along the way. If you go with me at the HOLD, you still have to keep an eye on it to take advantage of trading opportunities.
Ethereum on the Rise
In the long term landscape, Ethereum if you intend to experience new recent highs should be able to exceed the US $ 180 zone and hold above, pending an impulse that will allow him to break the psychological border of US $ 200 taking us over US $ 240 and up to US $ 260.
It is important to mention that first ETH must remain above US $ 170, or not fall from the support of US $ 140, to keep the vision and hope on the rise. The interest levels to search for lengths are: 182, 170 and 150 dollars.
Approaching a little, you can see the desire that the price of Ethereum has to retake the maximum levels. However, the formation of the 20-period MM is indicating that the momentum He is still bearish. Therefore, we should be aware of how the price reacts in the following hours, because ETH could still try to return to the MM of 200, giving us downward objectives of 152 and 140 dollars.
The condition is that the price is able to close below US $ 160, this would make the sales volume go into action and take us to the prices I share. Attentive to your operations.
Remember that the most important thing is the management of your capital and always enjoy what you are passionate about.
Analysis by Saul Cano of Trade and Hold for Cryptocurrency
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of Cryptocurrency, and should not be attributed to, Cryptocurrency.
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