Long
Etherparty Should Outperform Bitcoin
Etherparty has recently found the bottom, hitting 541 satoshis level. At this price it rejected the 261.8% trendline of the Fibonacci channel, applied back in 2nd of May, when FUEL/BTC produced the high.
Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term.
FUEL could grow from 600 up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low.
Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term.
FUEL could grow from 600 up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.