ETH/USD 1D Jul. 25
Suggested Entry: 288 USDT
Target 1: 320 USDT
Target 2: 340 USDT
Target 3: 360 USDT
Stop Loss: 250 USDT
Ethereum has been in a major bullish rally over the past few weeks, trading within a parallel ascending channel. It has gone through numerous phases of consolidations and breakouts, leading to new highs. With this momentum intact, we could expect further highs, given that Ethereum continues to trade within the ascending channel. It's important to note that traders must enter positions once confirmation is given. As we are currently closer to historical resistance levels, it's recommended that positions be taken once a confirmation is given for resistance-turned support.
- The moving averages are in perfect alignment in the following orders: 20 MA, 50 MA, 100 MA, and 200 MA
- The golden cross of the 20 MA and 50 MA marked the start of a breakout
Trade safe.
Target 1: 320 USDT
Target 2: 340 USDT
Target 3: 360 USDT
Stop Loss: 250 USDT
Ethereum has been in a major bullish rally over the past few weeks, trading within a parallel ascending channel. It has gone through numerous phases of consolidations and breakouts, leading to new highs. With this momentum intact, we could expect further highs, given that Ethereum continues to trade within the ascending channel. It's important to note that traders must enter positions once confirmation is given. As we are currently closer to historical resistance levels, it's recommended that positions be taken once a confirmation is given for resistance-turned support.
- The moving averages are in perfect alignment in the following orders: 20 MA, 50 MA, 100 MA, and 200 MA
- The golden cross of the 20 MA and 50 MA marked the start of a breakout
Trade safe.
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