Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46Ethereum/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 2025 which stop loss 1856 and we can expect a target of 2433.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Ethusdcrypto
EthereumTriangle pattern had been observed on 4 hour ethereum charts.
Entery point - anywhere below $2,800
Target - $3,700
Ethereum had been consolidating inside a fixed range for a while now, this is a potential breakout. If the target hits, there is more potential since it will be above many important moving averages, and EIP1559 will start burning token from 15july, these all signs indicate that Ethereum is currently undervalued mainly because of media FUD, but charts and data shows that long term investors and big players had been accumulating more and more ethereum during this dip.