Hello Traders,
ETHUSD has broken out of the falling wedge and sitting at D1 20 SMA. We also formed a nice rounding bottom in weekly chart. If we can continue with the uptrend, ETH can see 560$ in near term. Please keep in mind that we will need to retrace a little after the nice price action from the past couple of days. I will be buying some now and reinforce my positions around 450$
Entry: 450
Target 1: 530
Target 2: 560
Target 3: 650 (If we manage to pierce through the major resistances and completing the D wave of the symmetrical triangle)
Stop Loss: 430
This is not a financial advice. Good Luck
ETHUSD has broken out of the falling wedge and sitting at D1 20 SMA. We also formed a nice rounding bottom in weekly chart. If we can continue with the uptrend, ETH can see 560$ in near term. Please keep in mind that we will need to retrace a little after the nice price action from the past couple of days. I will be buying some now and reinforce my positions around 450$
Entry: 450
Target 1: 530
Target 2: 560
Target 3: 650 (If we manage to pierce through the major resistances and completing the D wave of the symmetrical triangle)
Stop Loss: 430
This is not a financial advice. Good Luck
Comment:
Here is the Weekly Overview:
Trade closed: stop reached:
Stop loss reached.