Hello traders,
Ethereum looks really good on the weekly here, We can see the price has held above the 20MA (orange) for over a month now, and is preparing for a big push towards the 50MA (blue). If we can close a week above here, there is no reason why we can not see a fast and furious rally towards $400, similar to what we saw July 2017.
I am well aware how optimistic and ambitious this projection is, which is why risk management is critical - if you can stomach a possible 10% downside risk, with stops below the 20 week MA(orange) then the reward will be worth while.
Take a second look at the TA here, and you will find that there are many reasons to be looking up.
Ethereum looks really good on the weekly here, We can see the price has held above the 20MA (orange) for over a month now, and is preparing for a big push towards the 50MA (blue). If we can close a week above here, there is no reason why we can not see a fast and furious rally towards $400, similar to what we saw July 2017.
I am well aware how optimistic and ambitious this projection is, which is why risk management is critical - if you can stomach a possible 10% downside risk, with stops below the 20 week MA(orange) then the reward will be worth while.
Take a second look at the TA here, and you will find that there are many reasons to be looking up.
Comment:
2 weeks later, 40% profit...hit that thumbs up button would ya?
