Ethereum is now on a pullback after breakout. Buy on Levels 205 to 208 for targets 283 and 385 to 400. Book full profits in Target 2 as Ethereum is likely to close below the 20 EMA on Monthly chart which is not good. Hence any push above 285 will be and opportunity to short.
Stop loss : Weekly close below 190.
Stop loss : Weekly close below 190.
Note
Change of plans. Ethereum closed above 20 Month EMA. Hence adding Third Target as well. Let's see how this plays out. Closing above 20 EMA on monthly is a pretty good bullish signal.
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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.