milanjelic
Long

ETH/USD LONG ETHEREUM WILL APPROACH TO 200$ Ethereum forecast

BINANCE:ETHUSDT   Ethereum / TetherUS

Ethereum as number 2 cap during " great depression on Bitcoin" (3200$/per Bitcoin ) was worth 82$.

Upon Bitcoin rebound was among the first one uptrending and gaining most thefore uptrended 82-157$ (while Bitcoin was moving toward 4200$ and failed in "previous round").

In % terms that is nominal USD gain of 91% which is very impressive having on mind we talking about second biggest coin per marketcap.

Right after Bitcoin declination, Ethereum deflated over Bitcoin and Bitcoin sank towards 3500$ making ETH worth around 101$.

Now, upon this bullish move on Bitcoin , and further continuation of bullish momentum on Bitcoin (we are daily bullish on B as per technicals) Ethereum started "bending upwards", making " curving slope " and continualy making higher lows and maintains those levels as trying to reach higher and higher levels.

Manages to stay over 135$ per ETH as continualy raising trendline

Overaly does look bullish and technicals do confirm it.

MACD , RSI , confirms further daily bullish momentum.

Bear on mind that Bitcoin initial impulse should be higher than 4240-4250, that could equate up to 171$ per ETH and after declination previous level breached will be retested (lower than 157$ per ETH since Bitcoin will make retrace back to 4000 as piercing it.

That's a rebuy on ETH and sell on BTC 4450$ equivalent which should equate up to 196$ safe exit.

Good luck.





Trade active: If you find this analysis useful, feel free to upvote it or leave comment in section. Any kind of constructive comment or dialogues are welcome regarding further crypto movement predictive analytics.
Trade closed: target reached: Eth reached 195$ on binance therefore we could close this trade.

I do expect further push.

Will provide addititional analysis regarding ETH.

For those who followed an idea, i am glad they made profit.

Good luck guys and happy trading.
Please take a look at our idea and let us know what you think!
+1 Reply
milanjelic Safe_Signal
@safesignal,

Nice one buddy.

Realistic one and also, most important of all, the one which will come to be.

Cheers and thanks for the contribution and feedback.
Reply
milanjelic Ronnie_Dong
@Ronnie_Dong,

Thanks for the feeback Ronnie.

Nice TA
Reply
Ronnie_Dong milanjelic
@milanjelic, welcome
+1 Reply
Thanks for the update man! Been following you more lately and really like what you're producing. We just took a long trade win and are still updating our stop loss for our long trade but I have a question for you. Where in your opinion do you feel the price would need to reach to send us into a bear market to start a LL and HL formation? Great work!

+1 Reply
milanjelic TradeIndicators
@TradeIndicators,

$4450 and we dump towards 3000.
Reply
milanjelic milanjelic
@milanjelic,

We will sub 3000 upon 4450 declination.
Reply
@milanjelic, Thanks man, I appreciate that. What does "declination" mean? I haven't heard of that yet...?
Reply
milanjelic TradeIndicators
@TradeIndicators,

Declination-rejection from certain price level.

You are welcome guys.

Thanks for the feedback.
Reply
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