SkyRock Signals

​​#Analysis #ETH

Ethereum replicates Bitcoin mood to go higher, the price confidently goes to the local resistance level of $490. Once it manages to break through it the price should come closer to the Ichimoku cloud around $520 drawn at the chart. The cloud acts now as a major resistance. If BTC is pumped again then ETH price should enter it, touch its top edge and consolidate somewhere in the median. Up from this moment there should be sideways trend and to gain volume and reach our Mid term target $636

As the short term price action backs to bullish mood which is always followed by correction waves, there will be a lot of swing trades opportunities. The most attractive will be 5-10 minutes trades buy low wait the top of the wave and sell high then wait bottom and buy again. Plan ahead for the possibilities and be prepared for these scenarios if they appear. If any swing trade opportunities appear, they will be shared with our subscribers.