Ethereum price is ready for the next upper move

2018年5月19日

Hello! My name is Ivan. I am a stock market trader and right now I am also trading cryptocurrencies. In April I gave my forecast about BTC price, and I was right, the price really went up. You can see this forecast HERE Now I see a possible growth potential in ETH. I think that Ethereum price is ready for the next upper move. Reasons:

• There was a serious growth and a price needs a rest. That’s why the correction looks logical here.
• The correction was about 40% of previous move, which is enough to start the next wave.
• The correction met a serious support level. This level is strong and price stopped there multiple times in the past. Right now we are not far from this support.

My conclusion: the probability of next upper wave is very high. If we go up, we may reach 800 again. If we go down, the price may hit 640 again. But I think that upper wave is coming.

Disclaimer: I don’t see the future. Nobody can tell you what will happen tomorrow. This is just my point of view. Subscribe to my TradingView profile for more trading alerts and tips. I don’t publish too often but I try to give only best signals.