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May 2, 2023 5:41 PM

ETHUSD on Support, in the middle of its Channel Up. Long

Ethereum all time history indexINDEX

Description

ETHUSD is on the 1D MA50 with the 1D technicals naturally turning neutral (RSI = 46.496, MACD = 0.530, ADX = 27.266), which gives the first buy signal. As long as S1 holds, we are long, targeting R1 (TP = 2,140). If S1 breaks, we will hedge the buy with a short term sell, targeting the bottom of the Channel Up (TP = 1,665).

Prior idea:



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Comments
RLinda
Strong set-up, I like your work) Thanks friend)
KlejdiCuni
I am watching for the same price development close to the upper resistance. Thanks
DeGRAM
Two thumbs up 👍👍! Like it
Lingrid
Very interesting idea!
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