Mark_Robinson

ETHUSD. Upwards range trade

Long
BITMEX:ETHUSD   None
Ethereum is finally out of the neutral range.

Opened the position after the second breakout and closed at the upper increasing range rebound.

Bullush scenario: The level of $200 is the next target with the price moving supposedly in the green range.
Bearish scenario: In case of the decreasing tendency the price is likely to cross the reutral range and then hit the $175 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.