Fantastic 22% LONG Opportunity on ETH After Retracement
Buy. The. Dip.
Note
This trade is going really well so far, we have seen the price taking off exactly from the support area as we hoped.
It is now approaching the first challenge for Ethereum: the psychological resistance of $550 where historically we have seen changes in momentum of the price. If it manages to break above $550 I am very bullish and expect it to continue to $620.
Note
So far this idea is working out really well! The difficult part is that the price is now reaching a very complicated area if you weren't in the trade already.
This is how I suggest to trade it if you're looking at Ethereum now:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.