#ETH/USD Scalping Opportunity. Best Entry Zones here!
Updated
Hello everyone it's been a long time I haven't updated on ETH.
Let's get back to the chart.
ETH/USD seems to be forming a Bullish Pennant.
You can place a bid around $190 and $200.
$190 is a strong resistance turned support region and 200 is a support as as 50D MA level.
Target could be:
$225
$234
$265
Stop Loss: $188.
I will keep you updated on ETH too.
Hit the like button if it helps and follow me for THE MOST ACTIVE updates.
#PEACE
Let's get back to the chart.
ETH/USD seems to be forming a Bullish Pennant.
You can place a bid around $190 and $200.
$190 is a strong resistance turned support region and 200 is a support as as 50D MA level.
Target could be:
$225
$234
$265
Stop Loss: $188.
I will keep you updated on ETH too.
Hit the like button if it helps and follow me for THE MOST ACTIVE updates.
#PEACE
Note
Seems like ETH is holding the channel trendline as a strong support.My buy orders are placed I won't rush into this trade.
Note
Hello guys thanks for coming by to this update on ETH. In my last update I said we can break the $200 level soon if the resistance trendline is broken. ETH broke the resistance yesterday.ETH also seems to be having a Golden cross in this 2 hours chart. It did broke above the resistance trendline and waiting for a retest.
BTC pair seems bullish too which will drive the ETH price higher.
We can enter for a long entry on the retest of the rising wedge .
#ENTRY: $197 TO $205.60
TARGETS:
1. $214
2. $219
3. $226
Stop Loss: $192.
This is setup could be highly profitable if we look at the mid term targets and resistance levels.
Mid term:
Resistance:
$227
$238
$261
Look at the chart and observe how I plot my moves as per the chart.
If you like this idea please hit the like button and share your views in the comment section.
Also share my latest BTC https://update.https://www.tradingview.com/chart/ETHUSD/g66wGhy5-ETH-USD-Golden-Cross-Long-Entry-Targets-BULLISH/
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