ETHMXN Setback Recovery

ETHMXN CHART PRICE – ETHMXN DAILY

Ethereum had a setback on yesterday’s trading session, as the candle ranged more than 2,000, which represents more than 20%, since today’s reopening it has been recovering some ground, currently sitting at 8701, the last few weeks have been very good for most cryptos, and as we said before its very hard to make a prediction based on technical analysis, the markets are driving the prices up, regardless of what the technicals indicate, most traders believe that the trend os not over yet, and as they say trend is your friend, no one wants to go against it, I prefer to stay out of these pairs because they are very volatile and they don’t fit my trading style for now, but if I had to place a trade it would be Long.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.