RodolfFlocon
Long

ETH ready to breakout? Bulls are ready

COINBASE:ETHEUR   Ethereum / Euro
So, let's see how we can play with our little position of early June.

Entered at 215e.
Targets:
- TP1 at 260e
- TP2 at 285e
- TP3 at 300e

Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet.
Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in this area (80-100) before a big red candle when we hit the resistance (upper part of the arising chanel, in red). Same happened at the end of February 2019.

To conclude: given the current volume in ETH, I don't think that we will break the arising chanel by the top soon.More likely than a direct explosion of the resistance (red area), we might grind it in the coming weeks, little pumps by pumps.
Comment: We had two little pumps in this area*
Trade active: TP1 at 260e HIT !!
Comment:
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