ETH ANALYSIS:
ETH recently broke out of downward channel and is pushing off the trend as I write. It look like ETH is ready to make another wave up as RSI has cooled off and made a small downward move. The RSI looks ready to crack out again. Another exhaustion from buyers should come until 300+. The key resistance here is 285. Once this levels break fully, there is nothing stopping this train from 300-315. I expect the move to come this week as 50 MA crossed over the 100MA in a bullish manner. The volume has bottomed out off the last sell off also, and its expected accumulation phase during that time. Target 1 is at 286.10, followed by T2 at 294.10, and T3 at 301.80. At each level remember to move S/L up!
Possible Entries: $280-280.80
ETH recently broke out of downward channel and is pushing off the trend as I write. It look like ETH is ready to make another wave up as RSI has cooled off and made a small downward move. The RSI looks ready to crack out again. Another exhaustion from buyers should come until 300+. The key resistance here is 285. Once this levels break fully, there is nothing stopping this train from 300-315. I expect the move to come this week as 50 MA crossed over the 100MA in a bullish manner. The volume has bottomed out off the last sell off also, and its expected accumulation phase during that time. Target 1 is at 286.10, followed by T2 at 294.10, and T3 at 301.80. At each level remember to move S/L up!
Possible Entries: $280-280.80
Trade closed: target reached:
WIN!
ETH/USD Hit Target 1!
+2.21% Profit!
ETH/USD Hit Target 1!
+2.21% Profit!