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veerakumarnice

Ethereum Swing Trade

Long
Ethereum (KRAKEN:ETHUSD)  
veerakumarnice Updated   
KRAKEN:ETHUSD   Ethereum
Support and Resistance Moving Averages
2
0
supportandresistance movingaverage
Ethereum is now on a pullback after breakout. Buy on Levels 205 to 208 for targets 283 and 385 to 400. Book full profits in Target 2 as Ethereum is likely to close below the 20 EMA on Monthly chart which is not good. Hence any push above 285 will be and opportunity to short.

Stop loss : Weekly close below 190.

snapshot

Comment:
Change of plans. Ethereum closed above 20 Month EMA. Hence adding Third Target as well. Let's see how this plays out. Closing above 20 EMA on monthly is a pretty good bullish signal.

snapshot
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