Ethereum ( ETH/USD ) - Latest Update: Buy Opportunity
A buying opportunity has presented itself at the level as indicated on the chart. This would be your last chance to enter the Ethereum long trade at this level. Once price leaves the area, it will not return. This pro trade is aimed at maximizing profit over a short term basis as does not represent the full upside potential of Ethereum. Good luck!
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Feeling the warmth of the rocket engines now.
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Target locked on. All aboard. Standby ignition. Counting down.
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Price fell through the bullish cloud and is approaching our stop loss level. I would not be surprised if we see a swift reversal to the upside from here soon. Nevertheless, If our stop loss is triggered, then we have a chance of re-buying at $440. I anticipate that price will retrace very quickly from there. Rest assured this pullback does not affect the overall bullish bias in Ethereum. Happy trading!
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*bullish channel (not bullish cloud). Sorry for the typo.
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Here is an updated chart with levels to buy for profitable long term trades.
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My friends, we are very close to our Trade Entry #2 zone. At the same time, Bitcoin has reached a fortified support wall around lower $6400 where I anticipated that price will very soon catapult to above $7k. Make your own decisions and due diligence.
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We have reached Trade Entry #2 for Ethereum, which is a reversal zone. A long trade from here will yield good profits over the long term.
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Price came down to $424.69 earlier and it is still in the zone. Expect another retest at the bottom because that is what I see in the Bitcoin chart. Read my latest BTC analysis if you want to know more about it.
Trade closed manually:
Refer to my latest Ethereum chart. Thank you.
