Hi Everyone.
Ethereun @ 990 after hitting the all time high of 1022 in daily range the price is still acting bullish. I am looking for possible pullback because of market is in the oversold region at the moment.
Leading indicators are pointing towards price correction.
We don't have any resistance at the moment so we can first find our support zones from where buyers can jump in again.
Above shown is the shot of $ hours charts. We only have one support line on hourly chart which is 895 level price can possibly it again before today's closing.
Watching the hourly chart we have support at 950 which is another short term zone to buy. these type of resistance turned support works best in short term market with high volatility.
ANALYSIS
We have three strong support for long terms traders.
870 , 742 , 500
Buying is suggested. the long term charts are strongly bullish , best buying zone is 875 - 745 depending on individual's trading style.
Long Term forecast for 2018 is 3000$ at-least.
Disclaimer: This is an educational based analysis and is not a trading advice.
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