LRC Formed Multimonth Breakout in weekly pattern, Start Accumulating at Current price for the target of $6-7$ within 2 years..Which is almost 600-800 % return.If we see past the History of LRC it formed a pattern and given a good return.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4436.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
On daily time frame, RSI is making lower highs but the price is making higher highs. That in my experience is a bear divergence with clear rising wedge pattern. Keep an eye on all the price levels when ETH breaks down the triangle. The only thing that can keep this from happening is announcement of L2 or ETH2 merge on ETH mainnet
ETH If break this neckline it will go again LONG.
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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4582.85).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
BTC has broken out and Retested in the shorter time frame and reached a reversal in the longer time frame. As we are bullish on the general trend, so we can enter a long trade.
Risk Reward Ratio - 2:1
Target near swing high. SL place below trendlines and support zones.
Ethereum price is hovering in a treacherous territory and could lead to a massive correction soon.
A breakdown of the $4,346 to $4,499 demand zone will confirm the start of a downtrend.
ETH could revisit $4,000 and in dire cases, retest the $3,300 levels.
Ethereum Making good Higher high structure, Good to go for LONG position at CMP or at Breakout, Also taking good support from 20 & 50EMA's
Timeframe : 4hour
sl :- Low of candle that is 4615 or we can keep big sl for safe side that is 4415
Target can be 10% upside that is 5080
Lets See how it goes
Trade on your own risk, Consult with your financial...
Ethereum Has broken out of short term consolidation and it seems to bullish for the shorter time frame.
So it may Rally Further or Retest the trendline to rally.
If it breaks the current support trendline, it will find support near the trendline below it. If Traders have higher risk appetite, they can extend stoploss to take supports from trendlines below.
