Weekly and daily charts show trend conditions, however, Stochastic crossed on 40 towards south.
It seems better to wait for this week to close, in order to take mid-term long positions, however, if you are bullish on ether and August ICOs, consider a Risk/Reward ratio over 2 can only be found way over short-term resistance and close to 0.5 Fibonacci Extension.
Long positions are shown at current price (Monday 31st) to illustrate that.
If you are holding ETH, close below support will trigger high volume in the market. As RSI shows, it is not the best time to go short on ETHUSD.
ATR is still on the highest range ever.
WNZ
Free updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
It seems better to wait for this week to close, in order to take mid-term long positions, however, if you are bullish on ether and August ICOs, consider a Risk/Reward ratio over 2 can only be found way over short-term resistance and close to 0.5 Fibonacci Extension.
Long positions are shown at current price (Monday 31st) to illustrate that.
If you are holding ETH, close below support will trigger high volume in the market. As RSI shows, it is not the best time to go short on ETHUSD.
ATR is still on the highest range ever.
WNZ
Free updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Trade closed: target reached