Hello Traders,
ETHUSD has broken out of the falling wedge and sitting at D1 20 SMA. We also formed a nice rounding bottom in weekly chart. If we can continue with the uptrend, ETH can see 560$ in near term. Please keep in mind that we will need to retrace a little after the nice price action from the past couple of days. I will be buying some now and reinforce my positions around 450$
Entry: 450
Target 1: 530
Target 2: 560
Target 3: 650 (If we manage to pierce through the major resistances and completing the D wave of the symmetrical triangle)
Stop Loss: 430
This is not a financial advice. Good Luck
ETHUSD has broken out of the falling wedge and sitting at D1 20 SMA. We also formed a nice rounding bottom in weekly chart. If we can continue with the uptrend, ETH can see 560$ in near term. Please keep in mind that we will need to retrace a little after the nice price action from the past couple of days. I will be buying some now and reinforce my positions around 450$
Entry: 450
Target 1: 530
Target 2: 560
Target 3: 650 (If we manage to pierce through the major resistances and completing the D wave of the symmetrical triangle)
Stop Loss: 430
This is not a financial advice. Good Luck
Note
Here is the Weekly Overview:Trade closed: stop reached
Stop loss reached.
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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.