Ethereum
Updated

2 Guess Scenario

48
ETHUSD pair looks like want to challenge 200 Day MA, it might be walking the following 2 Scenario that we guess:

1st Scenario: Blue line, a possible ascending triangle development.

2nd Scenario: Green line, possible Back test 120 MA and 10 days MA

Note
snapshot
Possible Scenario
Partial profit taking.
Note
>>1st Scenario: Blue line, a possible ascending triangle development.
Maybe an Ascending Triangle Development:
snapshot
Note
snapshot
200 D MA Target Reach. Rolling Stop Profit to the green zone(2 blue+2 red line Zone)
Note
snapshot
Looks like aim at 360 Day MA(2080-2100)
Sellers are killing Sellers at this moment.
Note
snapshot
Profit Taking, Trade Close.

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.