IQ
Long

ETHEREUM Long Opportunity - Only If...

IQ  
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello traders! Ethereum is still a strong crypto, the second one right after the BITCOIN . The chart is very similar with the BITCOIN . At this moment ETHUSD is at the bottom of the daily channel. You need to remember that ETHUSD is in a corrective structure right now. We want to see a strong rejection from this level and a strong UP impuls, before looking for buy opportunities. We need to see how the price will break the channel for the upside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
ATH retest is a tad optimistic
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Please, what is the meaning of "EMA"
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@Uboakp, exponential moving average.
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