ForecastCity
Long

A Great long-term Trading opportunity to Buy in 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:
Price is in the Buy Zone (799.300 to 738.500), 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)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
/chart/BTCUSD/leq2AhaQ-Price-Action-Lesson-5-Weak-Hammer-Example/#

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 37.

Take Profits:
TP1= @ 864.500
TP2= @ 965.400
TP3= @ 1151.600
TP4= @ 1229.700
TP5= @ 1415.950
TP6= @ Free
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It is making a hammer today!
Reply
when will ethereum stop falling?
Reply
Another bull rekt.
Reply
I think we will be headed to 400's within a few days.
+1 Reply
Maaz mamia, i wish idea was published 18 hours later :-) of course, we trade at own risks . Ethereum is the network with smart contracts, value in it. Lets hope it will go up again
Reply
followed your advise and for now ! we will see where it will lead
+2 Reply
TradingPretzel Cryptodaulphin
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ForecastCity Cryptodaulphin
@Cryptodaulphin, No trading advise, just an idea.
Reply
ForecastCity Cryptodaulphin
@Cryptodaulphin, We need confirmation in the buy zone, whether a Hammer, Trough, ...
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