After a prolong quiet period, ETH saw a good rally against USD, gaining almost 75% in no time.
What we are seeing in ETH now is an expected correction and consolidation. Formation looks like a possible bullish flag with buy area defined through green box on the chart. This buy zone is validated by approaching 21MA support and the 50% Fib level.
However, traders can go long if the flag is confirmed and price moves above 675 level.
Target in both scenarios would be 900-930 USD with stop loss below 545 closing on a daily candle.
Happy trading :)
What we are seeing in ETH now is an expected correction and consolidation. Formation looks like a possible bullish flag with buy area defined through green box on the chart. This buy zone is validated by approaching 21MA support and the 50% Fib level.
However, traders can go long if the flag is confirmed and price moves above 675 level.
Target in both scenarios would be 900-930 USD with stop loss below 545 closing on a daily candle.
Happy trading :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.