ETHUSD: The price BOUNCED on its DYNAMIC TRENDLINE
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🟢Forex Pair:
ETHEREUM/USD
⚪Technical Analysis:
Since the beginning of February 2021, the price has been moving with a nice uptrend, following and bouncing on its dynamic trendline, closing also its last two h4 candle's sessions above the same level.
It is currently moving above the S/R zone at about 1740 and there is a possibility to see a new bullish impulse.
🔴Conclusion:
Considering an overall bullish market, closing and starting its last candle above its EMA 100, I'd be confident to see the price growing more and I'll definitely entry long if I'll get a proper confirmation during the next sessions.
I'll plan to entry long if the price will close around the level 1830 and my last target would be the level 2100.
Be very carefully on the resistance zone at about 2000, because it's a strong resistance and the last high formed.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
ETHEREUM/USD
⚪Technical Analysis:
Since the beginning of February 2021, the price has been moving with a nice uptrend, following and bouncing on its dynamic trendline, closing also its last two h4 candle's sessions above the same level.
It is currently moving above the S/R zone at about 1740 and there is a possibility to see a new bullish impulse.
🔴Conclusion:
Considering an overall bullish market, closing and starting its last candle above its EMA 100, I'd be confident to see the price growing more and I'll definitely entry long if I'll get a proper confirmation during the next sessions.
I'll plan to entry long if the price will close around the level 1830 and my last target would be the level 2100.
Be very carefully on the resistance zone at about 2000, because it's a strong resistance and the last high formed.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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