ETHUSD - Strong signals after major low - LONG
Updated
ETHUSD - Clear completion of 3-3-5 correction. Break of the dominant downtrend. Sign of strength on the retest of previous resistance. Momentum Oscillator reset.
Many signs point to a continuation up of the mid term trend. Long entry under 145USD, trail stop loss up each level indicated by a horizontal line. Take profit zone 1 at 225-250, Take profit zone 2 at 325-365. Time-frame: TP1 1 month, TP2 1-2 months.
Looking for a continued increase in volume once it get's going.
ETHUSD's trajectory is heavily coupled with the rest of the alt market, we can expect positive volatility in the alt market in the coming weeks.
Many signs point to a continuation up of the mid term trend. Long entry under 145USD, trail stop loss up each level indicated by a horizontal line. Take profit zone 1 at 225-250, Take profit zone 2 at 325-365. Time-frame: TP1 1 month, TP2 1-2 months.
Looking for a continued increase in volume once it get's going.
ETHUSD's trajectory is heavily coupled with the rest of the alt market, we can expect positive volatility in the alt market in the coming weeks.
Trade closed: target reached
Target reached at 363USD for ~150% profit, trade closed.
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