I last posted about Ethereum on 4/11/18,
I talked about the floor was in at $350 and for aggressive traders, place a market buy order once price closes above $450 for a break out trade or wait for pull back once price closes above $450, then find a stack of buy orders on a 15 min or 1 hr chart.
The breakout worked depending on where you put your stop loss.
The pull back after price broke $450 worked as well. I found buyers at $480 on the 1 hr chart.
I also talked about Ethereum in a post on 3/27/18,
Crypto Analysis Report 3-27-18 Ethereum...Sitting In Weekly Demand NOW
I mentioned for conservative traders look for price to take out the sell orders at the $650 level. Once this level is taken out, I expect price to pull back when it gets to the $700 level (highlighted by the green arrows). During this pull back, look for demand orders on a 4 hr chart to then go long to my 1st target at $1200.
For the conservative traders, like myself, the pull back after price hit sell orders at $700, worked as well. There were buy orders at the $600 and this was another opportunity to get long.
Although there are sell orders sitting at $885, $960 and $1040, these orders are on a smaller timeframe. The dominant trend is up s, so I anticipate price pulsing and potentially pull back, but my Target 1 remains $1200.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.