I see a nice symmetric triangle formation in the daily chart and the accumulation has happened since a long time. RSI is high, but i think there is some more room for the buyers. MACD seems to have confirmed the uptrend. The candles are at the resistance line and on the verge of a break out. Watch out! I'd like to go long around the dotted resistance line. Any...
My assuemption is that ETH will cross this present trend and come out of pressure of consolidation. Expecting it to go up.
Do points 'A' and 'B' seem like potential buy levels with and eventually to 'C'?
disclaimer: viewer are advised to trade at their own risk. POSITIONAL TRADE SETUP ethusd giving a nice breakout from diagonal channel of 5 days. levels explained in chart.
From my last update , Ether was huge bullish and about to touch $400 by next month end. (refer old chart) . however things have changed and more fall is certain on charts till $245 A bounce can take it $307 level lets wait for 24 hours
Buy ETHUSD at CMP (340+) T1: 420 T2: 500 T3: 570 SL: 285
Expect Ethereum's Hard Fork To Spark Ether's Bull Run By Investing.com
ETH long position on trend (300 Support) reversal. Trade entry - 300.90 SL - 300.45 Target - 304.17
Possible movement of price action is marked in white and pink color arrows.
Price action is forming rounding top. Price will fall further before moving up.