ETHUSD is rising on the H4 frame
Updated
Hi everybody !
ETHUSD is showing signs of increasing purchasing power and this is the reason why I made such a comment.
1 / EMA 200 H4 frame is sloping up showing that the main trend is uptrend
2 / Observing the recent trend on the chart we see that ETHUSD has three times touched the 200 ema line and turned on the possibility that bigboys want to push the price higher.
3 / The trendline slopes down but the closing candle has exceeded the trendline and is rising.
>>> My comment is that the price is likely to pullback closer to the trenline so it will bounce up according to the arrows I've drawn.
* Target city is 245 - 250
* SL Below the 200 ema line
* Risk management is important
This is a personal forecast you should only consult before making a decision on the order.
If you're not sure and taking risks, stay out of the way and watch your money for other opportunities to be more confident.
If you like please give me 1 like
Your comments below the comment section.
ETHUSD is showing signs of increasing purchasing power and this is the reason why I made such a comment.
1 / EMA 200 H4 frame is sloping up showing that the main trend is uptrend
2 / Observing the recent trend on the chart we see that ETHUSD has three times touched the 200 ema line and turned on the possibility that bigboys want to push the price higher.
3 / The trendline slopes down but the closing candle has exceeded the trendline and is rising.
>>> My comment is that the price is likely to pullback closer to the trenline so it will bounce up according to the arrows I've drawn.
* Target city is 245 - 250
* SL Below the 200 ema line
* Risk management is important
This is a personal forecast you should only consult before making a decision on the order.
If you're not sure and taking risks, stay out of the way and watch your money for other opportunities to be more confident.
If you like please give me 1 like
Your comments below the comment section.
Trade active
pullback H4Trade closed: target reached
thanks
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