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ForecastCity
Apr 16, 2020 2:08 PM

Don't miss the great buy opportunity in ETHBTC Long

Ethereum / BitcoinBitfinex

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.02335). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.

Take Profits:
TP1= @ 0.02470
TP2= @ 0.02590
TP3= @ 0.02767

SL= Break below S2
Comments
Pro_Trader_007
Great analysis buddy
ForecastCity
@Pro_Trader_007, Thanks. we hope you find it helpful on your own trades.
DenizKilicDeniz
Great analysis, keep up the great work!
ForecastCity
@DenizKilicDeniz, Thanks. we hope you find it helpful.
Shiva_forex
nice chart and Analysis
ForecastCity
@Shiva_forex, Thanks. we hope you find it useful.
raselagr127
Thanks for sharsing your ideas
ForecastCity
@raselagr127, you're welcome. we hope you enjoy it.
Trading-Guru
For now I am short first, but in the longterm I definitely agree with you analysis.

This is how I charted it:
ForecastCity
@Trading-Guru, Thanks for sharing your idea here.
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