ForecastCity
Long

Don't miss this Buy trading opportunity of ETHUSD!!

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Midterm forecast:
  • While the price is above the support 553.100, resumption of uptrend is expected.
  • We make sure when the resistance at 965.400 breaks.
  • If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (799.300 to 738.500), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.

  • Beginning of entry zone (799.300)
  • Ending of entry zone (738.500)

Technical analysis:
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index ( RSI ) is 43.

Take Profits:
TP1= @ 864.500
TP2= @ 965.400
TP3= @ 1151.600
TP4= @ 1229.700
TP5= @ 1415.950
TP6= @ Free

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Nice!
+1 Reply
Hello, when do you think it will rise above $ 1000?
Reply
@Dankofx, Hello, technically when it breaks the resistance at $965.40.
+1 Reply
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