ETHERUM Price Outlook: can reach 280$ by November

ETHERUM Price Outlook: can reach 280$ by November

Trade Signal
September 11, 2019 by Hitesh Malviya
2448
Ethereum had recorded over 200% Gain against USD in the first half of the year, Rallied from 113$ to 363$. After reaching High at 363$, ETHUSD Price started shrinking and currently trading around 180$. The current yearly gain stands around 56%. On Higher time frame charts, ETHEREUM is still facing downtrend, but there is a
ETHUSDDAILY

Ethereum had recorded over 200% Gain against USD in the first half of the year, Rallied from 113$ to 363$. After reaching High at 363$, ETHUSD Price started shrinking and currently trading around 180$. The current yearly gain stands around 56%. On Higher time frame charts, ETHEREUM is still facing downtrend, but there is a strong possibility that trend could reverse soon. We are expecting ETHUSD to reach above 280$ by the month of November.

Check out my last prediction about ETH price: We provided 350$ Price target when ETHUSD was trading below 170$, ETH hit 350$ successfully two months later.

Catalyst for Growth

ETHEREUM is going through biggest technological transition of blockchain history. After successful implementation of Constantinople Hardfrok on the network in February, Ethereum foundation is now preparing for their second Hardfork update – Instanbul. Instanbul Hardfork is scheduled to be activated on testnet by early October, and on main-net by later October or early November. Harforks are always been worked as strong growth catalysts for Altcoins and Etherum is not an exception. ETHUSD rallied from 81$ to 160$ before last hard fork update – Constantinople, recorded around 97% Gain. We can expect a similar run from ETHUSD in next two months.

Technicals

Daily Chart

ETHUSD – Daily – Kraken
  • Price is trading inside a falling wedge on the daily chart.
  • Trading below 50,100 and 200MA.
  • MACD is Bearish at this moment.
  • Support levels: 150$,165$ and 174$
  • Resistance Levels: 190$,222$,255$

Weekly chart

ETHUSD: Weekly – Kraken
  • Weekly is currently downtrend, but sellers started looking exhausted for the last two weeks.
  • MACD is looking bearish at this moment.
  • Stoch RSI is giving an early sign of trend reversal.
  • Weekly is trading below 7, 21 MA and testing 50 MA.

Trade Signal

Entries: 150-165$

Exit: 255-280$

STOP: 135$

Follow us on discord to get access to highly profitable trade signals: https://discord.gg/5yr3wMN

Add a comment

Join Us
AND GET OUR LATEST CONTENT IN YOUR INBOX

SUBSCRIBE 
Your information will never be shared

Share This

Share this post with your friends!