ETH - Aggressive long trade setupDear all,
Here is long trade setup I'm entering.
ETH is currently at a key support at $495 dollar and has 3 resistances to overcome (downtrend lines shown on chart) to break out of Bear Market.
This trade is driven by 3 main factors:
- ETH currently sitting at key support $495
- RSI is oversold
- Light bullish divergence
- RSI forming falling wedge
Please see that ETH is currently inside a broader symmetrical triangle which and based on Elliot wave we need another wave up.
Plus this wave setup is favorable to upward breakout.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
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