So far, Ethereum is one of the leading cryptos that its price action is trading above the 50 EMA and 200MA, fro a definition of an uptrend bias from the book.
However, price is under some seller pressure where the correction can take the price to test back the 50EMA in confluence with the support level as a secure zone for demand where bulls are lining up, and this retest could bring the ETH to above de 280$ handle.
The order:
Type: buy-limit
S/L: 265 pips - R:R | 1:2.5 -
T/P: aiming towards the resistance from previous high
However, price is under some seller pressure where the correction can take the price to test back the 50EMA in confluence with the support level as a secure zone for demand where bulls are lining up, and this retest could bring the ETH to above de 280$ handle.
The order:
Type: buy-limit
S/L: 265 pips - R:R | 1:2.5 -
T/P: aiming towards the resistance from previous high
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.