moon333
Long

ETHUSD has formed bullish butterfly | Upto 31% profit potential

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Priceline of Ethereum / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
Volume profile of complete pattern is showing less interest of traders at PRZ area.
I have usded Fibonacci sequence to set the targets and those targets are as below:

Buy between: 186.28 to 171.56
Sell between: 197.70 to 225.35

The MACD is strong bearish therefore I would suggest to take long position after when atleast 6hr MACD's histogram gives weak bearish signals.

Regards,
Atif Akbar (moon333)
Trade closed: target reached: By the grace of Allah the most high this trade gave more than 13 percent profit sofar.
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