ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Ethusdtrade
BUY ETHEREUM ⧫ - 1DEthereum has been one of our favorite and strong project, from the past few months it has been continue increasing, thus not giving a chance to buy at cheap, but now is the time to build some positions as the price drops to $3300 (nearly 6%) from the recent highs. Considering this Bull market, Ethereum will make new all time highs .
Must use stop loss in trading , this is my personal view and not a financial advice. Cryptocurrency market is highly volatile and thus can lead to financial loss, kindly #DYOR.
ETH could hit 245 dollorETH is following ascending channel since its last fall to 86 dollars, On 30th April it tried to break out upward channel resistance but unable sustain the movement and thereafter it is moving downward with slight resistance of trend line that is depicted with green color. The white lines are Fibonacci retrenchment level 0.5,0.61,0.786 that represents 187, 211, 245 level respectively,the price is facing resistance from 211.
If price breaks that level it will hit 245 level within next 2 to 3 days , buy it at 215 with volume confirmation