tradingmotives

Bulls monitor blue zone support

Long
tradingmotives Updated   
BITFINEX:ETHUSD   Ethereum
60 minute chart shows correction underway. Monitor blue zone for end of correction and breach > pink sliding parallel. potential support on the upper parallel of the blue median line.
Comment:
578 is next important support if blue zone fails
Comment:
Looking for new highs while blue zone support holds. Note how price found support on the upper parallel
Comment:
Adjusted SL to 758.5

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