Jellep99

$ETHUSD Breakout soon?

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.

COINBASE:ETHUSD has been following the upwards trend (highlighted channel in white) since the 2nd half of March. It seems to struggle to get past the upper red line in my chart. I expect a breakout soon, fueled by BINANCE:ETHBTC . (ETH looks strong against BTC , but BTC looks strong against the Dollar)

COINBASE:ETHUSD might revisit $200 levels first, but I'm not sure.

Two options here:
- Market Long COINBASE:ETHUSD right now.
- Set Long Orders @ 202 USD (just above support).

I would love to hear your two cents on this idea, I'm not the most certain about this setup. Let me know what you think!

Good luck!

- Jelle

Comments

I will be following ETH/USD from a MTA perspective, this is what I have on it
+1 Reply
Jellep99 transparent-fx
@transparent-fx, Solid video, thanks.
Reply
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