Hello Traders!
ETH rebounded from the deep upward correction of July 21, 2021.
Some buying activity emerged: the volume of purchases is increasing, on the daily timeframe the price is close to the MA50 testing, the RSI indicator is in the bullish zone.
It is possible to look for purchases on correction of local ascending movement, in a zone of interest of buyers $2625 - $2800.
It is worth closing the deal at a stop-loss if the price goes under the support level of $2390
Fix the profits in a range of $3970 - $4167
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH rebounded from the deep upward correction of July 21, 2021.
Some buying activity emerged: the volume of purchases is increasing, on the daily timeframe the price is close to the MA50 testing, the RSI indicator is in the bullish zone.
It is possible to look for purchases on correction of local ascending movement, in a zone of interest of buyers $2625 - $2800.
It is worth closing the deal at a stop-loss if the price goes under the support level of $2390
Fix the profits in a range of $3970 - $4167
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Disclaimer
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.
Disclaimer
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.