EthereumLong
ETHUSD
0.382fib was a grwat support level to bounce at for an upward reversal. A lot of indicator signalling a reversal to test the previous resistance level.
The bullish pennant flag pattern spotted on the daily time frame, gives a more clear price move to the upside.
Looks like a short symmetrical triangle. The flagpole which leads to the pennant should be unusually steep and last several days.
The breakout out price is always the buy price which we have always advised all traders to wait for such price before taking a position.
VERCDICT:
BUY:$145
SELL:$153 up to $200
STOP LOSS:$130
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
The bullish pennant flag pattern spotted on the daily time frame, gives a more clear price move to the upside.
Looks like a short symmetrical triangle. The flagpole which leads to the pennant should be unusually steep and last several days.
The breakout out price is always the buy price which we have always advised all traders to wait for such price before taking a position.
VERCDICT:
BUY:$145
SELL:$153 up to $200
STOP LOSS:$130
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
Disclaimer
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