Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46
Symbol Ethereum/US dollar
Time frame :4 hours
Analysis :There is a break out from the symmetrical Triangle and the price is rallying on the up side .So, We will check the condition for Uptrend movement .Moving average ,MACD and PIVOT point condition is checked for uptrend movement. BUy call above...
Midterm forecast:
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to...
