ETH has formed an ascending channel and has started its way to the top that would currently sit at around the resistance level of $1800. The MACD suggests it is a good time to buy. First target will be $1800 which would provide a healthy 4%+.
However, $1800 is a key level and the fact that it will meet the top of the channel can give us the answer on ETH next move. If we manage to break it then there's chances ETH will go much higher. If resistance prevails, then I would be careful with the next trading move when we move towards the dynamic support level establish by the ascending channel. I would enter the market again only if there are strong signals that we would move up again in the channel.
Not trading advice, just playing and learning.
Good luck!
However, $1800 is a key level and the fact that it will meet the top of the channel can give us the answer on ETH next move. If we manage to break it then there's chances ETH will go much higher. If resistance prevails, then I would be careful with the next trading move when we move towards the dynamic support level establish by the ascending channel. I would enter the market again only if there are strong signals that we would move up again in the channel.
Not trading advice, just playing and learning.
Good luck!