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ETHUSD – Ethereum on bullish side on the way to testing followin

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EliteFxAcademy Updated   
BITFINEX:ETHUSD   Ethereum
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ETHUSD – Ethereum on bullish side on the way to testing following levels

Trend: Buy/ Neutral

At the moment: Buy/ Neutral

Price now:
167$

Support/Resistance:
R2: 179.60
R1: 172.65
S1: 164.85
S2: 162.15
S3: 158.10
S4: 151.90

Price action:
Ethereum is following bullish flow to following targets. As we can see sellers already failed to break lower on last swing low. Becasue of that fail, we can easily expact price to go back to higher high from retracement on level 164.85$


Potencial trade idea:

Bulls targets:
T1: 172.65
T2: 179.60

Bears targets:
T1: 158.10

NOTE – We are trading ETHUSD via the preferred trading setups by EliteFxAcademy


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education


Good trading!

Elitefxacademy
Trade closed: target reached:
FIRST TARGET REACHED
Trade closed: target reached

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