Possible ETH Breakout @ 20:00 UTC-5
Updated
The current trend shows a breakout pattern with a resistance at the price of $2,785 USDT.
Taking the Fibbonaci ratio the price should increase close to $2893 or fail to execute the breakout if it loses the $2720 price support
Taking the Fibbonaci ratio the price should increase close to $2893 or fail to execute the breakout if it loses the $2720 price support
Trade active
Breackout Succesful ^w^Now the MA 7 is creating a support at $2835. If the price breaks it there is chances it stabilizes falling back to it's previous bullish trend line.
Update Stop Loss to $2825, Take profit remains at $2896
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.