Ethereum has recently broke its daily bearish trend line and is now trending bullish. Currently it is in consolidation phase just below its weekly resistance line of 2787.
Although there was a bearish divergence formed on RSI but was followed by bullish hidden divergence. So at the break of its weekly resistance line of 2787.69 I'll enter with half of the risk.
I'll wait for USDT.D to start falling before entering the trade so that the bias for Ethereum is bullish.
Stop loss will be below 2280 which is below this consolidation range.
TP1: 3361
TP2: 3762
Although there was a bearish divergence formed on RSI but was followed by bullish hidden divergence. So at the break of its weekly resistance line of 2787.69 I'll enter with half of the risk.
I'll wait for USDT.D to start falling before entering the trade so that the bias for Ethereum is bullish.
Stop loss will be below 2280 which is below this consolidation range.
TP1: 3361
TP2: 3762
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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.
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.