FXtrades-gp

ETHUSD: the price will move soon up to 1900!

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
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🟢Forex Pair:
ETH/USD

Technical Analysis:
Since the beginning of January 2021, the price has been creating an interesting ascending channel , getting many rejections on the resistance zone at about 1400.
Every time, the price made a higher low and that confirmed our chart pattern.
On the 2nd of February 2021, the price finally broke through the main resistance zone , pushing up until the level at about 1750.
The market is currently overbought and there is a good chance to see a trend correction until a re-test on the level 1400/1430.

🔴Conclusion:
The price is currently moving in an interesting situation, I usually like trading this pattern and I'll be waiting for the price to re-test the main S/R zone before planning my long position on this trade.
My possible target would be the reflection of its first wave of its triangle pattern , that means I'm confident to see the price reaching soon the level at about 1900! I'll update soon this idea.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni

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Comments

Totally agreed
+1 Reply
FXtrades-gp Investroyllc
@Investroyllc, oh nice, I'm glad of that!!
Reply
Great work! I totally agree with you.
+1 Reply
FXtrades-gp KlejdiCuni
@KlejdiCuni hi klejdi! I’m so glad to receive your comments over here !
Reply
Excellent only continuation for ETH with the break of previous all time high at 1400
+1 Reply
FXtrades-gp Pika7993
@Pika7993 thanks pika ! Really appreciate your feedback ! 👌
Reply
Perfect 🔥 👌
+1 Reply
FXtrades-gp Babenski
@Babenski hi babenski ! Thanks for your feedback!
Reply
Great job mate! Thanks for sharing
+1 Reply
FXtrades-gp Mahtab_Tradia
@Mahtab_Tradia many thanks 🙏🙏
Reply
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