imfamousrajat

ETHEREUM (ETHUSD) - Bullish Movement. Next Target $765? LONG.!

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Welcome everyone, hope you all are doing well. Let us look into another trading opportunity.
Ethereum , one of the oldest project in crypto scene, doesn't need any introduction.

Let's look into the daily chart:

INDICATORS:
  • After touching the bottom of $358 on 1st April, ETH started a new uptrend and has been trying to gain some upward momentum.
  • Moving Average is curving upwards which means Bullish movement.
  • RSI is in 60-ish region which is again in favour of bulls.
  • ADX and DI are giving Bullish signal.
  • MACD line is already moving above signal line which means Buy opportunity.


POSSIBLE TARGETS:
  • $765
  • $891
  • $1016
  • $1195
  • $1424(Previous ATH )


Also note that, BTC price movement will also affect ETH. So, keep an eye out.

P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.

Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!

Good luck trading.!
Peace.
Comment: 4-Hour Graph:

Comment: 1st Target has been Reached.

Comments

Nice TA. :)
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imfamousrajat Taiwan_Bear
@Taiwan_Bear, Thanks a lot, your words mean a lot to me since i get to learn a lot from your charts. :)
Reply
Your indicators and my indicators are saying the same thing. i am in agreement with your projections
Reply
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