Forecast for October 3:
Analytical review of cryptocurrency on a scale of H1:
For the Ethereum instrument, the key levels on the H1 scale are: 202.53, 195.98, 186.28, 178.09, 163.87, 160.78 and 153.76. Here, we are following the development of the upward cycle of September 26. Currently, the price is in correction. The continuation of the upward movement is expected after the breakdown of the level of 178.10. In this case, the target is 186.28. The breakdown of which, in turn, should be accompanied by a pronounced upward movement to the level of 195.98. For the potential value for the top, we consider the level of 202.53. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.
The range of 163.87 - 160.78 is a key support for the upward structure. Its passage at the price will favor the development of a downward trend. In this case, the potential target is 153.76.
The main trend is the upward structure of September 26.
Trading recommendations :
Buy: 178.10 Stop Loss: 168.40 Take Profit: 186.20
Buy: 187.00 Stop Loss: 178.00 Take Profit: 196.00
Sell: 160.50 Stop Loss: 170.00 Take Profit: 154.00
