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