EBCO
Long

ETHUSD to 650$?

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
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
Comment: Here is the Weekly Overview:
Trade closed: stop reached: Stop loss reached.

Comments

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