ForecastCity
Long

Ethereum , A good buy opportunity in ETHUSD ,catch it!

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (663.650 to 513.750), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (663.650)
.Ending of entry zone (513.750)

Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 36.

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

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TP2= @ 988.450
TP3= @ 1151.600
TP4= @ 1229.690
TP5= @ 1415.950
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Thanks !
Reply
Good time to buy now for long-term because this was once over $1,800 AUD.
Reply
I missed this buy- too late to buy in?
Reply
Great analysis! Thanks
+1 Reply
Still holds?
+1 Reply
Thanks !
+2 Reply
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