Cryptorphic

ETH/USD 1D Bullish Long term Targets

Long
Cryptorphic Updated   
BITMEX:ETHUSD   None
Support with your likes, comments and share my idea with your friends. I've been accurate with my other ideas please go through the links attached with this update.
Coming back to the Update.
This is an ETH 1D Chart, The chart seems bullish as you can see a BULLISH ENGULFING Candlestick pattern with a brea to the upside around 134. It was needed in the daily chart and it happened few hours back. MACD RSI all show bullishness. The orange horizontal rays shows the expected area of targets.
We need a break above 141,153 and we're off to go to the upside.

So 3 conditions here too:

1. Break above $143 and $152 area.
2. Break above 50D MA
3. Increase in Volume.

ETH follows BTC/USD and I am certain that It will have a direct impact on ETH price.

So stay tuned and share your views in the comment section.
Cheers!!
Comment:
Perfectly following my idea, all we need is to fulfil the first condition which is to break the $143 area. Too much boring price action and hovering between this $125 to $135 area. Let's see where we are heading. Please share this idea with your friends,
Comment:
On track..
Comment:
We reached $148.35 already. There's a heavy resistance Trendline and also a psychological Resistance $150. If ETH manages to break the resistance we're good to go to the upside targets.If I get any bearish signs I'll let you know.
Keep in mind if BTC shows strength ETH will follow that.
Trade closed: target reached:
All Targets have been achieved.

Free Telegram Daily Futures signals:- telegram.me/thecryptorphic

Join My ELITE CLUB:- bit.ly/Join_elite
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.