EthereumLong
Good support here & Ichimoku seems to confirm...
Updated
- $630 was strong support which turned into strong resistance
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
Trade active
So far so good +2%. New candle will be important to confirm trend.Note
Price tested the bottom of the buy zone twice. Seems acting as a support.Let's see if long trend resumes.
Note
$600 acting as first resistance. This is the first level to break.Strong bear-bull fight in the current $590-$630 range.
Note
Profit is currently >5% is you bought the middle of the proposed buy zone.Now be careful, we'll probably have to secure profits.
Trade closed manually
Took profit on the first red candle to secure profit!
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.