Ethereum (COIN:ETHUSD) reached a yearly low in March 2020 when it fell below $100. Following that, price began to move upwards gradually, before it started to consolidate from June 2020.
Price is making effort not to go below the EMA 21; but the Williams’ % Range
period 20 is
moving downwards, and it may even reach the oversold region.
However, as long as price is not significantly below the EMA 21, any
upward slope in the Williams” % Range would become a “buy” signal. The market
is expected to go further upwards, no matter the pullbacks along the way.
Just recently, Ethereum was around $500 (it was even far higher than that
before), but it later nosedived.
Now, $500 is my initial target for ETH, which is expected to be reached
in less than 2 years to this time. This expectation may be realized sooner than
that; and until then, I will hold my position.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha
Buy and sell Perfect Money/Payeer/BTC/AdvCash; get funded quickly: www.ituglobalfx.com.ng
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