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Wednesday, October 7, 2020

ETH - Trading Projection Into The Weekend

ETH - Trading Projection Into The Weekend

Ethereum / Tether KUCOIN:ETHUSDT

Unfortunately, politics play a huge role in the projected outlook for Bitcoin and other alts, in which we could see ETH drop to the upward diagonal trend line that originated after the COVID crash. Therefore, throughout the week and on through Oct, the market will be highly sensitive and choppy for alts, unless stimulus talks resume or some bullish news is announced for ETH. However, these dips are excellent buying opportunities, as we know Oct has been historical bearish during election years. With that said, I highly doubt we go sub $320’s, due to the strong support that exist within that region, but any thing can happen in crypto.

from Trading Ideas
via gqrds

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