weslad

ETHUSD Trading opportunities

weslad Updated   
BITSTAMP:ETHUSD   Ethereum
Hello guys,

ETHUSD is moving in a potential downward channel with price bouncing off the bottom of the channel in the form of correction. ETHUSD break important level at 120$ and since then its been trading down and we believe the next support level will be in the range of 100$-105$.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS

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Trade active:
Possible wave pattern for the price movement on smaller time frame

Trade active:
We has strong resistance ahead of us, all eyes will be at 120$ level now

Trade active:
Market structure getting to look bullish now and we must re-adjust our plans accordingly.

We still has strong resistance above after price manage to breakthrough 137$.

Right now 141$ has become our immediate issue, the plan will be either to wait for drop to buy lower or wait till price break out from the zone and buy the PULLBACK.

Wish us best of luck


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