ForecastCity
Long

Don't miss the great buy opportunity in ETHUSD

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (146.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Ethereum/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.

Take Profits:
TP1= @ 163.30
TP2= @ 191.75
TP3= @ 223.20

SL= Break below S2
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I see you suggested 146.85 as a support level. I thought 154.75 might be better. but i used your TPs.
+1 Reply
@fxniki, Thank you so much for sharing your point of view about this forecast.
Reply
Thank You for sharing!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You got it.
Reply
AWESOME ANALYSIS
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thank you so much for your nice comment.
Reply
thank you for sharing this Amazing content.
+2 Reply
ForecastCity Alexander_007
@Alexander_007, You're welcome.
Reply
I think I'm gonna trade this one
+2 Reply
ForecastCity Alexander_007
@Alexander_007, Great! please don't forget to share your feedback.
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