Title :ETH/USD BUY LIMIT ORDER
Asset : Crypto Symbol : ETH/USD
Type : Limit Order
Time Frame : 2D
Entry Price 1 : $208.40
Entry Price 2 : $195.68
Stop Loss : $184.00
Take Profit 1: $234.40 & TP 2: $256
TP3: $274 & TP.4 $300
Despite this recent pullback in price activity, ETH/USD still managed to notch a 24.3% gain in February. The market’s biggest technical clue last week was seen when buying pressure finally emerged around the 209.26 level, just below the 209.75 area that represents the 23.6% retracement of the move from 627.83 to 80.60.
This was a level that had not traded since early February. The recent sizable sell-off in ETH/USD has many speculators contemplating how low the market could get before market sentiment improves and a positive trading bias returns to the market. Below the market’s recent low, the 208.53 and 206.25 levels are important areas of potential technical support. Another very important level is the 203.13 area, a level that represents the 50% retracement of the appreciation from the 116.25 area to 290.00 level. Below that area, additional levels of possible technical support include the 194.28, 189.28, 186.46, and 184.29 levels.
Price activity is nearest the 200-bar MA (4-hourly) at 229.96 and the 50-bar MA (Hourly) at 226.42.
Technical Support is expected around 209.25/ 203.25/ 192.10 with Stops expected below.
Technical Resistance is expected around 253.75/ 260.41/ 270.09 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage
Asset : Crypto Symbol : ETH/USD
Type : Limit Order
Time Frame : 2D
Entry Price 1 : $208.40
Entry Price 2 : $195.68
Stop Loss : $184.00
Take Profit 1: $234.40 & TP 2: $256
TP3: $274 & TP.4 $300
Despite this recent pullback in price activity, ETH/USD still managed to notch a 24.3% gain in February. The market’s biggest technical clue last week was seen when buying pressure finally emerged around the 209.26 level, just below the 209.75 area that represents the 23.6% retracement of the move from 627.83 to 80.60.
This was a level that had not traded since early February. The recent sizable sell-off in ETH/USD has many speculators contemplating how low the market could get before market sentiment improves and a positive trading bias returns to the market. Below the market’s recent low, the 208.53 and 206.25 levels are important areas of potential technical support. Another very important level is the 203.13 area, a level that represents the 50% retracement of the appreciation from the 116.25 area to 290.00 level. Below that area, additional levels of possible technical support include the 194.28, 189.28, 186.46, and 184.29 levels.
Price activity is nearest the 200-bar MA (4-hourly) at 229.96 and the 50-bar MA (Hourly) at 226.42.
Technical Support is expected around 209.25/ 203.25/ 192.10 with Stops expected below.
Technical Resistance is expected around 253.75/ 260.41/ 270.09 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage