Ethereum Short Term Bull Potential & Chart Analysis (Low Volume)
Updated
Looking at the Ethereum chart (ETHUSD), we can see a series of higher lows forming on the 4H TF.
Conditions for change: If ETHUSD breaks below the green line marked as "support", you can expect additional bearish action.
All the additional details are marked on the chart.
What's your take on Ethereum's next move?
If you have any questions feel free to use the comments section below.
Thanks a lot for reading.
Namaste.
- This series of higher lows is printing some short term upside potential for ETHUSD.
- The MACD is also in favor with a bullish crossover.
- Trading volume is lacking.
Conditions for change: If ETHUSD breaks below the green line marked as "support", you can expect additional bearish action.
All the additional details are marked on the chart.
What's your take on Ethereum's next move?
If you have any questions feel free to use the comments section below.
Thanks a lot for reading.
Namaste.
Note
Our trade here generated over 40% ROE already.Remember to hit LIKE to let me know if you want me to share our/more BitMEX trades.
Namaste.
Note
Remember to raise stop loss above buy in price if you traded based on this chart.Here is our trade looks like for this chart:
-----------------------
Trade: LONG ETHUSD (BitMEX)
Leverage: 10X
Buy In: $103.6 - $103.9
Time Frame: 4H
Targets:
(1) $105.9 -Reached
(2) $108.1 -Reached
(3) $110.3
Stop Loss: Close 4H candle below $101.3
Liq. Price: $94.45
Profit Potential: 63.1% ROE
Capital Allocation: <7%.
-------------------
Trade closed: target reached
Targets: (1) $105.9 -Reached
(2) $108.1 -Reached
(3) $110.3 -Reached
ALL TARGETS REACHED!
63.1% ROE.
Enjoy the profits.
Namaste.
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