Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Ethereum dropped through the $1,270 lows over the weekend before finding support again. The crypto might have bounced from the Fibonacci 0.618 retracement of its recent upswing between $1,220 and $1,328 respectively. The crypto is seen to be trading close to $1,295 at this point in writing and is expected to push higher towards $1,800 at least.
Ethereum earlier found support around $1,220 which is the Fibonacci 0.618 retracement of the entire rally between $800 and $2,031. Furthermore, $1,220 is also the past resistance-turned-support zone as projected on the chart here. Also, note that an Engulfing Bullish candlestick was produced on the daily chart last week.
All the above facts are hinting at a potential rally against $1,200. Initial resistance is seen through the $1,790-1,800 area and the bulls might be targeting the same levels. Only a break below $1,220 will be considered to be bearish as prices might drop towards $1,000 which is initial support as seen on the chart here.
Potential rally towards $1,790-1,800 against $1,000
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
