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[Today's market forecast on August 1 (Sat)] What will happen from now on? ETH market price!

Today's ETH price forecast is released! Coingirls official traders open their strategies to keep up with the upcoming virtual currency trends!

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Ethereum quotes for today

Today's ETH / USD market price analysis.

What is your long-term perspective? Analyze the time bar!

The above image is a 2-hour chart of BITFINEX.

In my last post, I wrote, "Since we are making Sanson, we are thinking about short-term sales when we reach $ 170."

After that, it reached 22 dollars around 13:170 on the XNUMXnd, and it is steadily lowering.

You can read the previous article here, so be sure to read it before reading today's article.

Click here for the previous article

For the time being, I am currently making an adjusted ABC wave for Elliott waves.

It is a short entry aiming for the falling C wave.

As I wrote about the profit target in the previous article, I set a target of around $ 154, assuming that it would fall as long as the A wave.

However, it did not fall to $ 154 and bounced around $ 156.

If it keeps rising, you can get it at $ 165.

If it goes down, I will continue to aim for a profit of $ 154.

And if I get a profit, I'm thinking of a rising scenario from here, so I want to have a long turn.

The reason is the image below.

When the low and high prices are pulled in Fibonacci, it rebounds at a position of 38.2% return.

Since there is a possibility of a rise from here, the conclusion is that "shorts are profitable and long aiming".

Conclusion: buy Ethereum now? Is it selling now?

Profit from shorts and make long turns.

This concludes today's market analysis.

Editor-in-Chief TakashimaEditor-in-Chief Takashima

Be sure to check out today's BTC and XRP quotes ♪


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[Women's association member who wrote this article]

Coingirls Certified Trader
Coingirls official female trader with 6 years of trader experience. I like watching the three major currency charts of BTC, XRP and ETH.
Read other articles by Coingirls Certified Traders

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