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ehh_choo
Oct 21, 2020 7:58 PM

Eth chart levels and trade Long

Ethereum / DollarBitfinex

Description

Nearly two years of accumulation and a breakout presents a very favourable outlook.

The recent market structure has been tested and showed support. When viewed on a higher timeframe this $310 - $330 range can be viewed as monthly support going back to 2017.

The macro-environment in crypto is very bullish. Will take a long if $366 looks like it's going to hold.

Entry $368
Target $452
Stop $337
RR= 2.93
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