Trading-Guru
Long

Bullish Ethereum Will Soon Find Resistance!

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Here on Ethereum we can see two very interesting consecutive trade set-ups based on the recent fib retracement.

All information is available on the chart, but it boils down to making use of a few very important levels: the 0.5 fib reversal level and the $400 psychological resistance.

I suggest a long position towards ~$395 and then a short position back to $375.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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Comments

Thank you. It is still on the uptrend so it will continue going up
+2 Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
+2 Reply
I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
Reply
How would you have charted this? Feel free to post a link to your own idea here as well
Reply
I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
Reply
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