Hello and welcome to News BTC’s Market Outlook Aug 18.
ETH/USD
Ethereum pulled back slightly during the session on Thursday, but then shot much higher. Now that we are at the $310 level, the market looks ready to continue to go much higher. However, I think that the market will find buyers on pullbacks, and that’s how I would buy this market, on the dips. Ultimately, I expect this market to go looking towards the $320 level.
ETH/BTC
Ethereum continues to go sideways, hanging about the 0.07 level. This market continues to offer very little in the way of trading, but it does look as if we are perhaps trying to build up a little bit of a base in a somewhat tight accumulation phase. At this point, I’m on the sidelines.
Thanks for watching, I’ll see on Monday.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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